Fisher Asset Management LLC Has $3.05 Billion Position in Oracle Co. (NYSE:ORCL)

Fisher Asset Management LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 17,898,029 shares of the enterprise software provider’s stock after purchasing an additional 310,709 shares during the period. Oracle makes up approximately 1.2% of Fisher Asset Management LLC’s holdings, making the stock its 21st largest position. Fisher Asset Management LLC owned 0.65% of Oracle worth $3,049,824,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. PineStone Asset Management Inc. lifted its position in shares of Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after acquiring an additional 2,219,450 shares during the period. International Assets Investment Management LLC lifted its position in Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the period. Altshuler Shaham Ltd boosted its stake in Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after buying an additional 1,526,500 shares in the last quarter. Boston Partners boosted its stake in Oracle by 32.3% during the first quarter. Boston Partners now owns 6,037,100 shares of the enterprise software provider’s stock worth $756,100,000 after buying an additional 1,473,734 shares in the last quarter. Finally, Swedbank AB increased its holdings in Oracle by 123.7% in the 2nd quarter. Swedbank AB now owns 2,645,920 shares of the enterprise software provider’s stock valued at $373,604,000 after buying an additional 1,462,978 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by insiders.

Oracle Stock Down 0.1 %

Shares of NYSE ORCL opened at $192.29 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $532.85 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. The firm’s 50-day moving average is $175.62 and its 200-day moving average is $149.64. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. Oracle’s dividend payout ratio is 41.24%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein lifted their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Piper Sandler increased their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Guggenheim boosted their price target on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Citigroup increased their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.52.

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.