Fifth Third Wealth Advisors LLC Increases Holdings in Oracle Corporation $ORCL

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in Oracle Corporation by 5.0%, owning a total of 65,019 shares valued at approximately $14.2 million.
• Several institutional investors have notably increased their positions in Oracle, including a 4,018.2% increase from Richardson Financial Services Inc.
• Oracle's recent earnings report revealed a quarterly revenue of $14.93 billion, which fell short of analysts' expectations, yet marked a year-over-year growth of 12.2%.

Fifth Third Wealth Advisors LLC increased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,019 shares of the enterprise software provider's stock after buying an additional 3,110 shares during the quarter. Oracle comprises 0.6% of Fifth Third Wealth Advisors LLC's holdings, making the stock its 28th largest position. Fifth Third Wealth Advisors LLC's holdings in Oracle were worth $14,215,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Richardson Financial Services Inc. raised its holdings in shares of Oracle by 4,018.2% during the 2nd quarter. Richardson Financial Services Inc. now owns 2,265 shares of the enterprise software provider's stock worth $496,000 after acquiring an additional 2,210 shares during the period. Aberdeen Group plc raised its stake in Oracle by 4.7% during the second quarter. Aberdeen Group plc now owns 1,510,844 shares of the enterprise software provider's stock worth $332,733,000 after purchasing an additional 67,570 shares during the period. Agate Pass Investment Management LLC raised its stake in Oracle by 36.0% during the second quarter. Agate Pass Investment Management LLC now owns 31,892 shares of the enterprise software provider's stock worth $6,973,000 after purchasing an additional 8,440 shares during the period. First Fiduciary Investment Counsel Inc. raised its stake in Oracle by 1.7% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 73,657 shares of the enterprise software provider's stock worth $16,104,000 after purchasing an additional 1,196 shares during the period. Finally, PDS Planning Inc raised its stake in Oracle by 0.5% during the second quarter. PDS Planning Inc now owns 18,374 shares of the enterprise software provider's stock worth $4,017,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on shares of Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Berenberg Bank lifted their target price on Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a research report on Monday, September 15th. BNP Paribas set a $377.00 price objective on shares of Oracle in a report on Wednesday, September 10th. TD Cowen boosted their target price on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, UBS Group set a $364.00 price objective on Oracle in a report on Friday, September 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $306.71.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 3,303 shares of the 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 transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William G. Parrett sold 11,500 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the transaction, the director directly owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,314 shares of company stock worth $31,272,223. 40.90% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $293.04 on Friday. The stock's 50-day moving average is $266.69 and its two-hundred day moving average is $209.86. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a market cap of $835.40 billion, a price-to-earnings ratio of 67.83, a price-to-earnings-growth ratio of 3.20 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The firm's quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal 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 given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle's dividend payout ratio is currently 46.30%.

About Oracle

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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