Fiduciary Family Office LLC Has $2.55 Million Stock Position in Oracle Co. (NYSE:ORCL)

Fiduciary Family Office LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,937 shares of the enterprise software provider’s stock after selling 731 shares during the quarter. Oracle makes up approximately 0.8% of Fiduciary Family Office LLC’s investment portfolio, making the stock its 15th largest position. Fiduciary Family Office LLC’s holdings in Oracle were worth $2,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new position in Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new position in Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Oracle in the 1st quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $40,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORCL. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. KeyCorp increased their target price on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. BMO Capital Markets raised their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Finally, DA Davidson increased their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Up 0.9 %

NYSE:ORCL traded up $1.52 on Tuesday, reaching $171.11. 1,027,132 shares of the stock traded hands, compared to its average volume of 8,252,218. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company’s 50 day moving average is $164.04 and its 200-day moving average is $142.62. The firm has a market capitalization of $474.16 billion, a price-to-earnings ratio of 43.71, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate 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. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend 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.