Fiduciary Wealth Partners LLC Invests $169,000 in Oracle Corporation (NYSE:ORCL)

Key Points

• Fiduciary Wealth Partners LLC has invested approximately $169,000 in Oracle Corporation, acquiring 1,209 shares during the first quarter.
• Institutional investors currently own 42.44% of Oracle's stock, with notable increases from several hedge funds including GAMMA Investing LLC, which increased its position by over 15,000%.
• Oracle recently announced its quarterly earnings, reporting a net margin of 21.68% and a year-over-year revenue increase of 11.3%.

Fiduciary Wealth Partners LLC acquired a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,209 shares of the enterprise software provider's stock, valued at approximately $169,000.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Oracle by 20.5% during 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 during the period. Kovitz Investment Group Partners LLC raised its stake in shares of Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after buying an additional 2,242,520 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after buying an additional 2,176,892 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Oracle in the fourth quarter worth about $216,047,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rona Alison Fairhead acquired 480 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 431,169 shares of company stock valued at $82,908,609 in the last three months. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Down 3.7%

ORCL opened at $244.44 on Friday. The firm has a market capitalization of $686.59 billion, a price-to-earnings ratio of 56.32, a price-to-earnings-growth ratio of 3.79 and a beta of 1.43. The company's 50 day simple moving average is $213.55 and its two-hundred day simple moving average is $174.74. 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 current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for 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 firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued 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 dividend payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ORCL shares. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Mizuho decreased their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. UBS Group increased their price target on shares of Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $218.29.

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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