Fifth Third Wealth Advisors LLC Raises Stake in Oracle Co. (NYSE:ORCL)

Fifth Third Wealth Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 18.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 45,919 shares of the enterprise software provider’s stock after acquiring an additional 7,206 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Oracle were worth $7,825,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wrapmanager Inc. raised its position in Oracle by 114.3% during the 3rd quarter. Wrapmanager Inc. now owns 9,214 shares of the enterprise software provider’s stock worth $1,570,000 after buying an additional 4,915 shares during the last quarter. Legacy Bridge LLC increased its stake in shares of Oracle by 21.6% during the third quarter. Legacy Bridge LLC now owns 523 shares of the enterprise software provider’s stock worth $89,000 after acquiring an additional 93 shares during the period. Prospera Financial Services Inc raised its holdings in Oracle by 4.5% during the third quarter. Prospera Financial Services Inc now owns 24,524 shares of the enterprise software provider’s stock worth $4,181,000 after purchasing an additional 1,062 shares in the last quarter. Verity & Verity LLC lifted its position in Oracle by 6.6% in the third quarter. Verity & Verity LLC now owns 3,663 shares of the enterprise software provider’s stock valued at $624,000 after purchasing an additional 226 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Oracle by 24.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 96,228 shares of the enterprise software provider’s stock valued at $16,397,000 after purchasing an additional 19,151 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ORCL. Guggenheim upped their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Stifel Nicolaus boosted their target price on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein raised their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Trading Up 1.1 %

ORCL opened at $185.75 on Tuesday. The stock has a market capitalization of $514.72 billion, a PE ratio of 47.87, a P/E/G ratio of 3.39 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $191.77. The firm’s fifty day moving average price is $173.06 and its 200 day moving average price is $147.56.

Oracle (NYSE:ORCL) last posted 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 return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by insiders.

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.