Fifth Third Bancorp Buys 3,788 Shares of Oracle Co. (NYSE:ORCL)

Fifth Third Bancorp grew its position in shares of Oracle Co. (NYSE:ORCL) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,174,621 shares of the enterprise software provider’s stock after buying an additional 3,788 shares during the quarter. Fifth Third Bancorp’s holdings in Oracle were worth $195,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Fred Alger Management LLC increased its stake in shares of Oracle by 5.4% in the 2nd quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock worth $3,808,000 after purchasing an additional 1,388 shares in the last quarter. Delta Investment Management LLC purchased a new stake in Oracle in the second quarter worth about $243,000. Dark Forest Capital Management LP bought a new position in shares of Oracle in the second quarter worth about $856,000. MBB Public Markets I LLC raised its stake in shares of Oracle by 1,903.0% in the second quarter. MBB Public Markets I LLC now owns 149,244 shares of the enterprise software provider’s stock worth $21,073,000 after buying an additional 141,793 shares during the period. Finally, Maverick Capital Ltd. lifted its position in shares of Oracle by 37.5% during the 2nd quarter. Maverick Capital Ltd. now owns 17,122 shares of the enterprise software provider’s stock valued at $2,418,000 after buying an additional 4,668 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Down 1.5 %

Shares of ORCL opened at $183.59 on Friday. The company’s fifty day simple moving average is $174.41 and its 200-day simple moving average is $162.22. The company has a market cap of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. As a group, analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Oracle’s payout ratio is 39.12%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ORCL shares. KeyCorp raised their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Guggenheim raised their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.