Fulton Bank N.A. Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Fulton Bank N.A. boosted its holdings in Oracle Co. (NYSE:ORCL) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,740 shares of the enterprise software provider’s stock after buying an additional 5,739 shares during the quarter. Fulton Bank N.A.’s holdings in Oracle were worth $7,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Strategic Financial Concepts LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at about $132,000. Acadian Asset Management LLC lifted its stake in Oracle by 2.7% in the second quarter. Acadian Asset Management LLC now owns 147,204 shares of the enterprise software provider’s stock valued at $20,776,000 after buying an additional 3,912 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $40,000. First Foundation Advisors grew its position in shares of Oracle by 10.5% during the second quarter. First Foundation Advisors now owns 12,416 shares of the enterprise software provider’s stock worth $1,753,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Oracle in the 2nd quarter valued at $2,071,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. UBS Group raised their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Citigroup raised their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Piper Sandler lifted their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Oracle Price Performance

NYSE:ORCL traded up $0.88 during mid-day trading on Wednesday, hitting $162.91. 2,854,744 shares of the company’s stock traded hands, compared to its average volume of 5,656,903. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The company has a market cap of $455.65 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The firm’s 50 day simple moving average is $178.25 and its 200 day simple moving average is $160.59. Oracle Co. has a 1 year low of $102.72 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the business earned $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be issued a $0.40 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. 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.