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

Fidelis Capital Partners LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Argus boosted their price target on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Monday, September 16th. Morgan Stanley boosted their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, Barclays lifted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $166.13.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 426,861 shares of the stock in a transaction that occurred on 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 in the company, valued at $372,764,079.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold a total of 1,610,402 shares of company stock worth $230,556,257 in the last quarter. 42.80% of the stock is owned by company insiders.

Oracle Price Performance

ORCL opened at $168.00 on Friday. 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 company’s 50 day simple moving average is $142.30 and its 200-day simple moving average is $131.96. Oracle Co. has a one year low of $99.26 and a one year high of $173.99. The stock has a market capitalization of $465.52 billion, a P/E ratio of 45.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders 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 presently 43.13%.

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.