Oracle Co. (NYSE:ORCL) Stake Raised by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its position in Oracle Co. (NYSE:ORCL - Free Report) by 26.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 61,909 shares of the enterprise software provider's stock after purchasing an additional 13,015 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Oracle were worth $8,656,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ORCL. R Squared Ltd acquired a new position in Oracle in the fourth quarter valued at about $25,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the fourth quarter worth about $30,000. Hurley Capital LLC purchased a new position in Oracle during the fourth quarter worth about $33,000. Synergy Investment Management LLC purchased a new position in Oracle during the fourth quarter worth about $34,000. Finally, TFC Financial Management Inc. boosted its stake in 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 buying an additional 120 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 1.6%

Shares of Oracle stock traded up $2.69 on Tuesday, hitting $169.26. 6,914,177 shares of the company's stock traded hands, compared to its average volume of 9,507,588. The stock has a market cap of $473.40 billion, a P/E ratio of 41.38, a PEG ratio of 3.46 and a beta of 1.27. 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 firm's 50-day moving average is $144.92 and its 200 day moving average is $160.76. Oracle Co. has a 52-week low of $117.34 and a 52-week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 earnings per share. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. KeyCorp reaffirmed an "overweight" rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group reduced their price target on shares of Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Citigroup reduced their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Finally, Bank of America reduced their price target on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

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.