Fifth Third Wealth Advisors LLC Boosts Stake in Oracle Co. (NYSE:ORCL)

Fifth Third Wealth Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,894 shares of the enterprise software provider’s stock after acquiring an additional 2,975 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Oracle were worth $8,148,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in Oracle during the second quarter worth about $27,000. Quest Partners LLC acquired a new position in Oracle in the second quarter valued at approximately $40,000. Reston Wealth Management LLC purchased a new position in Oracle in the third quarter worth approximately $44,000. Avondale Wealth Management acquired a new stake in Oracle during the third quarter worth $51,000. Finally, Friedenthal Financial purchased a new stake in Oracle in the third quarter valued at $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 1.6 %

Shares of Oracle stock opened at $156.34 on Wednesday. The company has a market cap of $437.28 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31. The company’s fifty day simple moving average is $176.99 and its 200-day simple moving average is $161.24. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.02%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ORCL. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Citigroup boosted their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Company 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.