FSM Wealth Advisors LLC Has $1.24 Million Position in Oracle Co. (NYSE:ORCL)

FSM Wealth Advisors LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,792 shares of the enterprise software provider’s stock after buying an additional 107 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Oracle were worth $1,243,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ORCL. International Assets Investment Management LLC grew its position in shares of Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares during the period. Franklin Resources Inc. grew its position in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the period. State Street Corp grew its position in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the period. Geode Capital Management LLC grew its position in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Oracle by 2,899.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock worth $155,694,000 after buying an additional 883,233 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 0.3 %

Shares of Oracle stock opened at $169.91 on Monday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The business’s 50 day moving average is $171.89 and its 200-day moving average is $163.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $475.24 billion, a P/E ratio of 41.54, a P/E/G ratio of 3.35 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. BMO Capital Markets boosted their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective for the company. Finally, DA Davidson boosted their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.