Radnor Capital Management LLC Raises Holdings in Oracle Co. (NYSE:ORCL)

Radnor Capital Management LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 34.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,573 shares of the enterprise software provider’s stock after buying an additional 1,700 shares during the period. Radnor Capital Management LLC’s holdings in Oracle were worth $783,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ORCL. Norges Bank purchased a new position in shares of Oracle during the 4th quarter worth approximately $1,409,896,000. Moneta Group Investment Advisors LLC grew its holdings in shares of Oracle by 112,785.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock worth $885,451,000 after acquiring an additional 10,822,934 shares during the period. Harris Associates L P grew its holdings in shares of Oracle by 31.3% in the 4th quarter. Harris Associates L P now owns 19,160,481 shares of the enterprise software provider’s stock worth $1,566,178,000 after acquiring an additional 4,570,472 shares during the period. Putnam Investments LLC grew its holdings in shares of Oracle by 50.0% in the 1st quarter. Putnam Investments LLC now owns 10,989,627 shares of the enterprise software provider’s stock worth $1,021,156,000 after acquiring an additional 3,664,269 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in shares of Oracle by 89.8% in the 4th quarter. Neuberger Berman Group LLC now owns 6,929,363 shares of the enterprise software provider’s stock worth $565,961,000 after acquiring an additional 3,277,738 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 0.1 %

NYSE:ORCL traded up $0.13 during mid-day trading on Friday, reaching $113.79. The stock had a trading volume of 3,733,097 shares, compared to its average volume of 9,031,184. The company has a market capitalization of $311.76 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. Oracle Co. has a 1-year low of $60.78 and a 1-year high of $127.54. The stock’s 50 day simple moving average is $117.33 and its two-hundred day simple moving average is $105.89. The company has a debt-to-equity ratio of 29.72, a current ratio of 0.87 and a quick ratio of 0.91.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The company had revenue of $12.45 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. Oracle’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 4.48 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. Oracle’s dividend payout ratio (DPR) is presently 47.62%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORCL. StockNews.com began coverage on Oracle in a report on Thursday, August 17th. They issued a “hold” rating on the stock. The Goldman Sachs Group upgraded Oracle from a “sell” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $120.00 in a report on Tuesday, June 13th. Deutsche Bank Aktiengesellschaft increased their target price on Oracle from $120.00 to $135.00 in a report on Tuesday, June 13th. BMO Capital Markets increased their target price on Oracle from $96.00 to $132.00 in a report on Tuesday, June 13th. Finally, Barclays lowered their target price on Oracle from $150.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $123.06.

Insider Activity

In other news, Director Michael J. Boskin sold 90,000 shares of Oracle stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the sale, the director now owns 87,473 shares of the company’s stock, valued at $10,394,416.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of Oracle stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total value of $211,662,500.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $138,576,328,095.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael J. Boskin sold 90,000 shares of Oracle stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the completion of the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,394,416.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,949,837 shares of company stock valued at $482,142,887. Insiders own 43.70% of the company’s stock.

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.