Fidelis Capital Partners LLC Has $962,000 Stock Position in Oracle Co. (NYSE:ORCL)

Fidelis Capital Partners LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,123 shares of the enterprise software provider’s stock after buying an additional 1,886 shares during the period. Fidelis Capital Partners LLC’s holdings in Oracle were worth $962,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ORCL. Bison Wealth LLC increased its holdings in Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after purchasing an additional 91 shares in the last quarter. MONECO Advisors LLC increased its holdings in Oracle by 1.1% during the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after purchasing an additional 94 shares in the last quarter. Mascoma Wealth Management LLC increased its holdings in Oracle by 15.7% during the 3rd quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock valued at $74,000 after purchasing an additional 95 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after purchasing an additional 96 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its holdings in Oracle by 1.0% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after purchasing an additional 98 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Up 0.2 %

Shares of NYSE:ORCL traded up $0.20 during midday trading on Friday, reaching $116.20. The company had a trading volume of 1,895,544 shares, compared to its average volume of 8,505,669. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business’s 50 day moving average price is $119.27 and its 200 day moving average price is $112.80. The stock has a market cap of $319.38 billion, a PE ratio of 30.63, a P/E/G ratio of 2.30 and a beta of 1.01. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s payout ratio is 42.22%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORCL. HSBC raised their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Piper Sandler decreased their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Finally, The Goldman Sachs Group increased their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Company Profile

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.