Fifth Third Bancorp Has $168.09 Million Position in Oracle Co. (NYSE:ORCL)

Fifth Third Bancorp boosted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,202,286 shares of the enterprise software provider's stock after purchasing an additional 27,665 shares during the period. Fifth Third Bancorp's holdings in Oracle were worth $168,092,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ORCL. Sunbeam Capital Management LLC purchased a new position in Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the fourth quarter worth about $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the fourth quarter worth about $34,000. TFC Financial Management Inc. lifted its position in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle during the fourth quarter worth about $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ORCL shares. Westpark Capital increased their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday. Loop Capital set a $135.00 price target on shares of Oracle in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday. Cantor Fitzgerald dropped their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Finally, UBS Group increased their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday. Twelve research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $192.30.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

NYSE:ORCL traded up $23.29 during trading hours on Thursday, reaching $199.67. 54,558,768 shares of the company's stock were exchanged, compared to its average volume of 9,567,888. The company has a market capitalization of $558.47 billion, a P/E ratio of 48.82, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $202.43. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business's 50-day simple moving average is $149.60 and its two-hundred day simple moving average is $160.36.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 46.95%.

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.