Fidelis Capital Partners LLC Has $1.72 Million Position in Oracle Co. (NYSE:ORCL)

Fidelis Capital Partners LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 11.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,162 shares of the enterprise software provider’s stock after buying an additional 1,207 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Oracle were worth $1,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Westend Capital Management LLC acquired a new stake in shares of Oracle in the 1st quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter worth about $27,000. Tidemark LLC bought a new stake in Oracle in the 4th quarter valued at approximately $29,000. Frank Rimerman Advisors LLC acquired a new position in Oracle during the 4th quarter worth approximately $30,000. Finally, POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. Mizuho increased their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. DA Davidson raised their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. JMP Securities upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets boosted their price target on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders have sold 1,610,402 shares of company stock valued at $230,556,257 over the last 90 days. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Up 0.2 %

ORCL stock opened at $168.00 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.99. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $465.52 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 3.21 and a beta of 1.01. The business’s fifty day moving average price is $142.30 and its two-hundred day moving average price is $131.96.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. On average, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

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.