Fisher Asset Management LLC Increases Investment in Oracle Corporation

Fisher Asset Management LLC has increased its investment in Oracle Corporation (NYSE:ORCL - Free Report) by 0.5% in the last quarter of the year, as reported in its recent filing with the SEC. The firm now holds a total of 17,995,664 shares of the enterprise software giant following the purchase of an additional 97,635 shares during this period.

Oracle represents 1.2% of Fisher Asset Management’s overall portfolio, making it the 22nd largest holding in their investments. As of the latest filing, Fisher's stake in Oracle is valued at approximately $2,998,798,000.

Institutional Investor Activities

Other institutional investors and hedge funds are also active in the Oracle market. For instance, Activest Wealth Management has increased its Oracle shares by 21.9% during the third quarter, owning 312 shares valued at $53,000 after acquiring an additional 56 shares. Similarly, Second Line Capital LLC raised its Oracle position by 1.5%, now holding 3,816 shares valued at $650,000 after buying an extra 58 shares.

Cadence Bank also raised its stake in Oracle by 0.8%, bringing its total to 7,605 shares worth $1,296,000 after an additional purchase of 59 shares. In the fourth quarter, Requisite Capital Management increased its investment in Oracle by 2.8% and now possesses 2,240 shares valued at $373,000 after acquiring 60 additional shares.

Finally, McLean Asset Management boosted its Oracle shares by 1.1%, now owning 5,447 shares valued at $908,000 after a purchase of 61 more shares. Altogether, institutional investors and hedge funds now control 42.44% of Oracle's stock.

Analysts’ Views on Oracle

Market analysts have offered optimistic forecasts for Oracle. Mizuho has raised its price target for Oracle shares from $185.00 to $210.00 and assigned an "outperform" rating. Similarly, Piper Sandler has increased its price target to $210.00 and given the stock an "overweight" rating as well.

Jefferies Financial Group has set its price target for Oracle shares at $220.00 while maintaining a "buy" rating. KeyCorp has also increased its price target to $200.00, marking its shares with an "overweight" rating. While one analyst issued a sell rating, eleven rated it as a hold, and eighteen analysts rated it as a buy, with one declaring it a strong buy. Overall, the consensus rating for Oracle stands at "Moderate Buy," with an average price target of $182.73, as per MarketBeat.com data.

Insider Trading Details

In related matters, Oracle's CEO Safra Catz sold 2,101,154 shares on January 22 at an average price of $185.35, totaling nearly $389 million. Following this sale, Catz now owns 1,118,592 shares valued at approximately $207 million, indicating a significant decline in her ownership by 65.26%. This transaction has been officially documented in a filing with the Securities and Exchange Commission, where it can be accessed publicly. Currently, insiders own 42.20% of Oracle's stock.

Recent Trading Performance

On the trading front, ORCL shares opened at $166.09 recently. The company's liquidity ratios include a quick ratio of 0.81 and a current ratio of 0.81, while it has a considerable debt-to-equity ratio of 5.65. The stock has fluctuated between a twelve-month low of $110.36 and a high of $198.31. Oracle is valued at a market capitalization of $464.55 billion, with a price-to-earnings ratio of 40.61 and a beta of 1.05. The stock recently showed a fifty-day simple moving average of $168.93 and a two-hundred-day average of $168.36.

Oracle reported its quarterly earnings on December 9, revealing earnings of $1.47 per share, which was slightly below analysts' expectation of $1.48. The company reported quarterly revenue of $14.06 billion against a forecast of $14.12 billion, while experiencing an 8.6% year-over-year revenue increase, up from $1.34 EPS reported in the same quarter the previous year. Analysts predict that Oracle will post earnings of around five dollars per share for the current year.

Oracle's Dividend Announcement

Furthermore, Oracle announced a quarterly dividend of $0.40, which was paid on January 9 to shareholders registered on January 23. This translates to an annualized dividend of $1.60, yielding about 0.96%. The ex-dividend date was set for January 10. Currently, Oracle’s payout ratio stands at 39.12%.

About Oracle Corporation

Oracle Corporation specializes in products and services designed for enterprise information technology environments globally. Their offerings include various cloud software applications such as Oracle Fusion Cloud ERP, Oracle Fusion Cloud supply chain management, and Oracle Cloud human capital management, among others.

investment, Oracle, stocks