Oracle Co. (NYSE:ORCL) Stake Lifted by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC boosted its position in Oracle Co. (NYSE:ORCL) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,685 shares of the enterprise software provider’s stock after purchasing an additional 316 shares during the period. FSM Wealth Advisors LLC’s holdings in Oracle were worth $1,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after purchasing an additional 1,514,569 shares in the last quarter. Capital World Investors boosted its holdings in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after buying an additional 82,551 shares in the last quarter. Legal & General Group Plc grew its position in Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after buying an additional 296,866 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Oracle by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after acquiring an additional 424,500 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.3 %

Shares of ORCL stock opened at $169.59 on Tuesday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The company has a market capitalization of $469.94 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 3.13 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50 day simple moving average is $164.04 and its 200 day simple moving average is $142.62.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Piper Sandler boosted their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Morgan Stanley upped their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Stifel Nicolaus lifted their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI upped their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle 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.