Fifth Third Wealth Advisors LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Fifth Third Wealth Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 18.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,919 shares of the enterprise software provider’s stock after purchasing an additional 7,206 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Oracle were worth $7,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its position in Oracle by 91.7% during the first quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after acquiring an additional 6,587 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Oracle by 3.5% during the 1st quarter. Pitcairn Co. now owns 20,017 shares of the enterprise software provider’s stock valued at $2,514,000 after purchasing an additional 669 shares in the last quarter. Ossiam boosted its holdings in Oracle by 28.1% during the first quarter. Ossiam now owns 42,761 shares of the enterprise software provider’s stock worth $5,371,000 after buying an additional 9,377 shares in the last quarter. Titan Global Capital Management USA LLC boosted its holdings in Oracle by 13.4% during the first quarter. Titan Global Capital Management USA LLC now owns 13,286 shares of the enterprise software provider’s stock worth $1,669,000 after buying an additional 1,567 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its position in Oracle by 13.1% during the first quarter. Evermay Wealth Management LLC now owns 4,579 shares of the enterprise software provider’s stock valued at $575,000 after buying an additional 532 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Up 1.1 %

NYSE ORCL opened at $185.75 on Tuesday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77. The firm has a 50 day moving average of $173.06 and a two-hundred day moving average of $147.56. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $514.72 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the business earned $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Oracle’s payout ratio is currently 41.24%.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.