Fidelis Capital Partners LLC Buys 2,592 Shares of Oracle Corporation (NYSE:ORCL)

Fidelis Capital Partners LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 16.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,452 shares of the enterprise software provider's stock after buying an additional 2,592 shares during the period. Fidelis Capital Partners LLC's holdings in Oracle were worth $2,555,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ORCL. Norges Bank acquired a new position in Oracle in the 4th quarter worth about $2,216,314,000. GAMMA Investing LLC increased its holdings in Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Vanguard Group Inc. increased its holdings in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock worth $512,909,000 after purchasing an additional 2,242,520 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 1.9%

NYSE:ORCL traded down $4.55 on Friday, hitting $230.45. The stock had a trading volume of 10,172,356 shares, compared to its average volume of 10,259,055. The business's fifty day moving average is $185.56 and its 200 day moving average is $166.09. The company has a market cap of $647.29 billion, a PE ratio of 53.10, a P/E/G ratio of 3.51 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 earnings per share. On average, equities research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 445,366 shares of company stock valued at $84,784,653 in the last ninety days. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Stephens initiated coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target for the company. Finally, Jefferies Financial Group increased their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $209.33.

Oracle Company 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.