Fiducient Advisors LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Fiducient Advisors LLC raised its stake in Oracle Co. (NYSE:ORCL) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,509 shares of the enterprise software provider’s stock after purchasing an additional 664 shares during the period. Fiducient Advisors LLC’s holdings in Oracle were worth $778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Westend Capital Management LLC bought a new position in shares of Oracle during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at $35,000. Tidemark LLC acquired a new stake in shares of Oracle in the 4th quarter worth $29,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle in the 4th quarter worth $30,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 0.6 %

ORCL stock opened at $141.81 on Friday. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm’s fifty day moving average is $138.72 and its 200 day moving average is $128.47. The firm has a market cap of $390.81 billion, a PE ratio of 38.22, a P/E/G ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $1.35 earnings per share. On average, research analysts forecast that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ORCL shares. KeyCorp increased their price target on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Sanford C. Bernstein lifted their target price on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Citigroup cut their price target on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. BMO Capital Markets lifted their price objective on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday, June 17th. Finally, Guggenheim reissued a “buy” rating and issued a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Fourteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.87.

Insider Activity

In related news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 in the last quarter. Corporate insiders own 42.80% of the company’s stock.

About Oracle

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.