Fisher Asset Management LLC Has $3.05 Billion Holdings in Oracle Co. (NYSE:ORCL)

Fisher Asset Management LLC raised its position in Oracle Co. (NYSE:ORCL) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,898,029 shares of the enterprise software provider’s stock after purchasing an additional 310,709 shares during the quarter. Oracle accounts for approximately 1.2% of Fisher Asset Management LLC’s holdings, making the stock its 21st largest holding. Fisher Asset Management LLC’s holdings in Oracle were worth $3,049,824,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle in the 1st quarter valued at $38,000. Finally, Quest Partners LLC bought a new stake in Oracle during the 2nd quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ORCL shares. BMO Capital Markets raised their price objective on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Guggenheim raised their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, TD Cowen increased their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $192.29 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. The company’s 50 day moving average price is $175.62 and its two-hundred day moving average price is $149.64. The firm has a market cap of $532.85 billion, a PE ratio of 49.56, a PEG ratio of 3.54 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (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 the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by company insiders.

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.