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

Fiduciary Family Office LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 14,937 shares of the enterprise software provider’s stock after selling 731 shares during the period. Oracle makes up approximately 0.8% of Fiduciary Family Office LLC’s investment portfolio, making the stock its 15th biggest holding. Fiduciary Family Office LLC’s holdings in Oracle were worth $2,545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jennison Associates LLC boosted its holdings in Oracle by 2.3% during the 1st quarter. Jennison Associates LLC now owns 208,587 shares of the enterprise software provider’s stock worth $26,201,000 after acquiring an additional 4,709 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Oracle during the first quarter worth about $920,000. Wellington Shields Capital Management LLC grew its position in Oracle by 7.7% in the 1st quarter. Wellington Shields Capital Management LLC now owns 1,395 shares of the enterprise software provider’s stock worth $175,000 after purchasing an additional 100 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Oracle by 47.8% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,083 shares of the enterprise software provider’s stock valued at $639,000 after buying an additional 1,644 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Oracle by 568.3% in the 1st quarter. Larson Financial Group LLC now owns 12,705 shares of the enterprise software provider’s stock worth $1,596,000 after buying an additional 10,804 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ORCL. KeyCorp increased their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. UBS Group reissued a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. TD Cowen raised their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Guggenheim increased their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.52.

Oracle Price Performance

Shares of NYSE ORCL traded up $1.52 during midday trading on Tuesday, hitting $171.11. 1,027,132 shares of the company’s stock were exchanged, compared to its average volume of 8,252,218. 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 business’s fifty day moving average price is $164.04 and its two-hundred day moving average price is $142.62. The company has a market cap of $474.16 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 3.13 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $13.23 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company 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.