Delphi Management Inc. MA Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Delphi Management Inc. MA reduced its stake in Oracle Co. (NYSE:ORCL) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,886 shares of the enterprise software provider’s stock after selling 185 shares during the period. Oracle makes up 1.5% of Delphi Management Inc. MA’s investment portfolio, making the stock its 17th largest position. Delphi Management Inc. MA’s holdings in Oracle were worth $1,820,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Werlinich Asset Management LLC increased its stake in Oracle by 3.1% in the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after purchasing an additional 70 shares during the last quarter. RFP Financial Group LLC grew its position in shares of Oracle by 2.7% during the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after acquiring an additional 75 shares during the last quarter. Invst LLC grew its position in shares of Oracle by 2.4% during the second quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock worth $482,000 after acquiring an additional 79 shares during the last quarter. ERn Financial LLC grew its position in shares of Oracle by 0.6% during the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after acquiring an additional 80 shares during the last quarter. Finally, Key Financial Inc grew its position in shares of Oracle by 1.2% during the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after acquiring an additional 80 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 1.0 %

Shares of ORCL stock opened at $170.39 on Tuesday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.99. The stock has a market cap of $472.15 billion, a P/E ratio of 45.93, a P/E/G ratio of 3.05 and a beta of 1.01. The business has a fifty day simple moving average of $145.57 and a 200-day simple moving average of $134.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Barclays raised their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Mizuho raised their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Sanford C. Bernstein raised their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

Insider Buying and Selling

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,573,181 shares of company stock worth $225,338,245. 42.80% of the stock is owned by corporate insiders.

About Oracle

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.