FSM Wealth Advisors LLC Has $1.31 Million Position in Oracle Co. (NYSE:ORCL)

FSM Wealth Advisors LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,685 shares of the enterprise software provider’s stock after buying an additional 316 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Oracle were worth $1,310,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC lifted its stake in Oracle by 52.1% in the third quarter. Moloney Securities Asset Management LLC now owns 8,786 shares of the enterprise software provider’s stock valued at $1,497,000 after buying an additional 3,011 shares in the last quarter. Legacy CG LLC raised its position in Oracle by 1.2% in the 3rd quarter. Legacy CG LLC now owns 39,733 shares of the enterprise software provider’s stock valued at $6,771,000 after buying an additional 477 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Oracle in the third quarter worth $133,000. Rational Advisors LLC bought a new position in Oracle in the third quarter valued at $2,641,000. Finally, Impax Asset Management Group plc grew its position in Oracle by 2.3% in the third quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock valued at $395,295,000 after purchasing an additional 53,128 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Piper Sandler boosted their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. UBS Group reissued a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets boosted their price objective on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $169.59 on Tuesday. The company has a market cap of $469.94 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 3.13 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a fifty day moving average price of $164.04 and a 200-day moving average price of $142.62.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is presently 41.24%.

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.