FSA Advisors Inc. Invests $393,000 in Oracle Corporation (NYSE:ORCL)

Key Points

• FSA Advisors Inc. has acquired a new stake in Oracle Corporation, investing approximately $393,000 for 2,812 shares in the first quarter.
• Several institutional investors increased their holdings in Oracle, with Brighton Jones LLC raising its stake by 189.3% and Wellington Management Group LLP by 200.4% in the fourth quarter.
• Oracle recently announced a $0.50 quarterly dividend, which represents a dividend yield of 0.81% and a payout ratio of 46.08%.

FSA Advisors Inc. bought a new position in Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,812 shares of the enterprise software provider's stock, valued at approximately $393,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Oracle by 200.4% in the fourth quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock worth $28,743,000 after acquiring an additional 115,059 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its stake in shares of Oracle by 11.8% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 20,003 shares of the enterprise software provider's stock worth $3,333,000 after acquiring an additional 2,118 shares in the last quarter. Finally, AIA Group Ltd lifted its stake in shares of Oracle by 121.7% in the fourth quarter. AIA Group Ltd now owns 23,156 shares of the enterprise software provider's stock worth $3,859,000 after acquiring an additional 12,709 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is owned by company insiders.

Oracle Stock Up 1.0%

NYSE ORCL opened at $247.68 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock's 50 day moving average is $206.18 and its two-hundred day moving average is $172.36. The company has a market capitalization of $695.69 billion, a price-to-earnings ratio of 57.07, a PEG ratio of 3.66 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $251.60.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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. The company 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 company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. Equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Analyst Ratings Changes

Several research firms recently commented on ORCL. Guggenheim boosted their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. TD Cowen increased their target price on Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. KeyCorp increased their target price on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Finally, Scotiabank assumed coverage on Oracle in a report on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $218.29.

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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