Fifth Third Bancorp Acquires 3,788 Shares of Oracle Co. (NYSE:ORCL)

Fifth Third Bancorp grew its stake in Oracle Co. (NYSE:ORCL) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,174,621 shares of the enterprise software provider’s stock after acquiring an additional 3,788 shares during the quarter. Fifth Third Bancorp’s holdings in Oracle were worth $195,739,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC grew its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the third quarter worth about $44,000. Avondale Wealth Management acquired a new position in shares of Oracle during the third quarter valued at about $51,000. Friedenthal Financial purchased a new position in shares of Oracle in the 3rd quarter valued at approximately $51,000. Finally, Activest Wealth Management boosted its stake in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on ORCL shares. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Friday, December 20th. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. DA Davidson raised their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Insiders Place Their Bets

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

Oracle Stock Performance

NYSE:ORCL opened at $183.59 on Friday. The firm has a market capitalization of $513.50 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day moving average is $174.41 and its two-hundred day moving average is $162.22. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 EPS. Analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.