Fiduciary Financial Group LLC Makes New $269,000 Investment in Oracle Corporation $ORCL

Key Points

• Fiduciary Financial Group LLC has made a new investment of approximately $269,000 in Oracle Corporation by purchasing 1,230 shares during the second quarter.
• Oracle's recent earnings report showed an EPS of $1.70, beating estimates by $0.06, with a revenue of $15.90 billion, representing an 11.3% increase year-over-year.
• The company has announced a quarterly dividend of $0.50 per share, with an annualized yield of 0.7%, set to be paid on October 23rd.

Fiduciary Financial Group LLC purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,230 shares of the enterprise software provider's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Market Strategies LLC increased its position in Oracle by 3.0% in the 2nd quarter. Capital Market Strategies LLC now owns 2,617 shares of the enterprise software provider's stock valued at $572,000 after buying an additional 76 shares in the last quarter. Howard Financial Services LTD. bought a new position in shares of Oracle in the 2nd quarter worth $319,000. Jacobs & Co. CA grew its position in Oracle by 56.6% in the 2nd quarter. Jacobs & Co. CA now owns 12,379 shares of the enterprise software provider's stock valued at $2,706,000 after purchasing an additional 4,472 shares during the period. Neville Rodie & Shaw Inc. increased its stake in Oracle by 4.8% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 189,857 shares of the enterprise software provider's stock valued at $41,508,000 after purchasing an additional 8,735 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in Oracle by 14.9% during the second quarter. Harbor Investment Advisory LLC now owns 20,341 shares of the enterprise software provider's stock worth $4,447,000 after buying an additional 2,642 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction dated Monday, July 7th. The stock was bought at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were 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 in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,183 shares of company stock valued at $10,353,198. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE ORCL opened at $292.07 on Friday. The company has a market capitalization of $820.38 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a 50-day simple moving average of $244.69 and a 200 day simple moving average of $190.50.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the firm earned $1.63 EPS. The company's revenue was up 11.3% compared to the same quarter last year. On average, research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio is 46.30%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. BMO Capital Markets set a $345.00 target price on shares of Oracle in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Jefferies Financial Group lifted their target price on Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday. TD Cowen increased their price target on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $296.84.

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.

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