FSM Wealth Advisors LLC grew its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,213 shares of the enterprise software provider’s stock after acquiring an additional 421 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Oracle were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the 4th quarter worth approximately $30,000. Hurley Capital LLC purchased a new position in shares of Oracle in the 4th quarter worth approximately $33,000. Finally, Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $34,000. 42.44% of the stock is owned by institutional investors and hedge funds.
Oracle Stock Performance
Shares of ORCL opened at $219.12 on Wednesday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $615.47 billion, a P/E ratio of 50.49, a PEG ratio of 3.28 and a beta of 1.39. The business has a fifty day moving average of $172.18 and a 200 day moving average of $162.87. Oracle Corporation has a one year low of $118.86 and a one year high of $228.22.
Oracle Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. Oracle’s dividend payout ratio (DPR) is 46.08%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on ORCL shares. Cantor Fitzgerald cut their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus raised shares of Oracle from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $250.00 in a research report on Monday. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, June 12th. Finally, BMO Capital Markets raised their price objective on shares of Oracle from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.63.
Read Our Latest Analysis on ORCL
Insider Transactions at Oracle
In other news, insider Clayton M. Magouyrk sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock valued at $83,103,603 over the last 90 days. Insiders own 42.20% of the company’s stock.
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.
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