Legacy CG LLC Cuts Position in Oracle Corporation $ORCL

Legacy CG LLC cut its holdings in Oracle Corporation (NYSE:ORCL) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 32,696 shares of the enterprise software provider’s stock after selling 5,200 shares during the period. Oracle comprises about 2.6% of Legacy CG LLC’s holdings, making the stock its 12th biggest position. Legacy CG LLC’s holdings in Oracle were worth $9,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Kampmann Melissa S. increased its position in shares of Oracle by 0.3% during the 3rd quarter. Kampmann Melissa S. now owns 11,910 shares of the enterprise software provider’s stock valued at $3,350,000 after purchasing an additional 35 shares during the last quarter. McLean Asset Management Corp boosted its holdings in shares of Oracle by 0.7% in the 3rd quarter. McLean Asset Management Corp now owns 5,319 shares of the enterprise software provider’s stock worth $1,551,000 after buying an additional 36 shares during the last quarter. Voisard Asset Management Group Inc. grew its position in Oracle by 3.4% during the third quarter. Voisard Asset Management Group Inc. now owns 1,127 shares of the enterprise software provider’s stock valued at $317,000 after buying an additional 37 shares during the period. Warren Street Wealth Advisors LLC increased its holdings in Oracle by 0.7% during the third quarter. Warren Street Wealth Advisors LLC now owns 5,700 shares of the enterprise software provider’s stock worth $1,603,000 after buying an additional 38 shares during the last quarter. Finally, Snider Financial Group increased its holdings in Oracle by 1.3% during the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after buying an additional 40 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. HSBC reiterated a “buy” rating and issued a $382.00 target price on shares of Oracle in a research note on Wednesday, November 26th. Royal Bank Of Canada dropped their price objective on Oracle from $250.00 to $195.00 and set a “sector perform” rating on the stock in a research note on Monday. Piper Sandler decreased their target price on Oracle from $380.00 to $290.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Oracle in a research note on Monday, December 29th. Finally, Redburn Partners set a $175.00 price target on Oracle in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $304.94.

Oracle Price Performance

Oracle stock opened at $189.58 on Friday. The firm has a market capitalization of $544.69 billion, a P/E ratio of 35.64, a PEG ratio of 1.71 and a beta of 1.65. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. The business has a fifty day moving average price of $209.67 and a 200-day moving average price of $241.96.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the prior year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, January 9th. Oracle’s dividend payout ratio (DPR) is 37.59%.

More Oracle News

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Analyst support for Oracle’s cloud/data-center story remains — Evercore ISI reaffirmed an Outperform rating and a $275 price target, citing large multi-year data-center leases and multicloud AI solutions that boost recurring revenue visibility. Read More.
• Positive Sentiment: Oracle is part of the expected U.S. TikTok JV (with ByteDance, Silver Lake and MGX), a strategic deal that could bring near-term cash/partnership benefits and raise Oracle’s profile in consumer-facing tech investments. Read More.
• Neutral Sentiment: Despite volatility, some investors see a second-half cloud/AI ramp — MarketBeat’s sector write-up highlights Oracle’s backlog and potential for cloud infrastructure momentum once new data centers come online. Read More.
• Neutral Sentiment: Quarterly results were mixed: EPS beat expectations but revenue slightly missed consensus, and management emphasized backlog and contract wins that may not convert to revenue until capacity is available. Read More.
• Negative Sentiment: Analyst caution and lower targets: RBC trimmed its price target to $195 (from $250) and kept a Sector Perform rating, signaling reduced near-term upside and prompting some selling. Read More.
• Negative Sentiment: Debt- and capex-related risks: multiple pieces highlight Oracle’s large AI/data-center build (reported ~$50B capex plan) that is driving strong backlog and revenue growth but producing negative free cash flow and higher leverage — a key near-term investor concern. Read More.
• Negative Sentiment: Technicals and momentum pressure: Oracle recently formed a “death cross” (50-day MA below 200-day MA), which can accelerate short-term outflows from momentum-driven funds and traders. Read More.

Insider Activity at Oracle

In related news, insider Mark Hura sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $196.89, for a total transaction of $2,953,350.00. Following the sale, the insider owned 234,077 shares of the company’s stock, valued at approximately $46,087,420.53. This represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the completion of the sale, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 126,588 shares of company stock valued at $33,155,596 in the last quarter. 40.90% of the stock is currently owned by company insiders.

About Oracle

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.