Fidelis Capital Partners LLC Has $2.20 Million Position in Oracle Co. (NYSE:ORCL)

Fidelis Capital Partners LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,728 shares of the enterprise software provider’s stock after acquiring an additional 566 shares during the period. Fidelis Capital Partners LLC’s holdings in Oracle were worth $2,203,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares in the last quarter. Capital World Investors raised its stake in shares of Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after purchasing an additional 82,551 shares during the period. Legal & General Group Plc raised its stake in shares of Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after purchasing an additional 296,866 shares during the period. Janus Henderson Group PLC increased its holdings in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Oracle by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after acquiring an additional 424,500 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JMP Securities lifted their price objective on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Royal Bank of Canada started coverage on Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price for the company. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, Evercore ISI lifted their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity at Oracle

In related news, 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 completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $173.49 on Wednesday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The stock has a 50 day moving average price of $161.53 and a two-hundred day moving average price of $141.16. The company has a market capitalization of $480.74 billion, a P/E ratio of 44.71, a PEG ratio of 3.20 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 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio is presently 41.24%.

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.