Fiduciary Family Office LLC Makes New Investment in Oracle Corporation (NYSE:ORCL)

Key Points

• Fiduciary Family Office LLC has acquired 18,997 shares of Oracle Corporation, valued at approximately $2.66 million, making it the firm's 15th largest holding.
• Several institutional investors, including Harel Insurance Investments and WealthShield Partners, have significantly increased their holdings in Oracle during the first quarter.
• Analysts have raised their price targets for Oracle, with estimates ranging from $225 to $295, indicating a positive outlook for the company's stock.

Fiduciary Family Office LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,997 shares of the enterprise software provider's stock, valued at approximately $2,656,000. Oracle comprises approximately 0.9% of Fiduciary Family Office LLC's holdings, making the stock its 15th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after buying an additional 107,404 shares during the period. Rockland Trust Co. raised its holdings in shares of Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after buying an additional 467 shares during the period. Calamos Advisors LLC raised its holdings in shares of Oracle by 1.5% in the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after buying an additional 10,426 shares during the period. WealthShield Partners LLC raised its holdings in shares of Oracle by 27.2% in the 1st quarter. WealthShield Partners LLC now owns 1,875 shares of the enterprise software provider's stock valued at $262,000 after buying an additional 401 shares during the period. Finally, Cornerstone Advisory LLC raised its holdings in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after buying an additional 3,299 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ORCL shares. Roth Capital restated a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. KeyCorp upped their price target on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Bank of America upped their price target on Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Evercore ISI upped their price target on Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $222.75.

Oracle Stock Performance

Shares of ORCL stock opened at $250.04 on Friday. The stock has a fifty day moving average price of $222.64 and a 200 day moving average price of $177.85. The stock has a market cap of $702.32 billion, a PE ratio of 57.61, a P/E/G ratio of 3.72 and a beta of 1.43. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (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 analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. Sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's payout ratio is currently 46.08%.

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.

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