Delta Asset Management LLC TN increased its holdings in Oracle Co. (NYSE:ORCL – Free Report) by 21.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,569 shares of the enterprise software provider’s stock after acquiring an additional 1,000 shares during the quarter. Delta Asset Management LLC TN’s holdings in Oracle were worth $663,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Marquette Asset Management LLC raised its stake in shares of Oracle by 445.5% in the 2nd quarter. Marquette Asset Management LLC now owns 240 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 196 shares in the last quarter. Quintet Private Bank Europe S.A. bought a new stake in Oracle in the first quarter valued at about $30,000. Altshuler Shaham Ltd bought a new position in Oracle during the 1st quarter worth approximately $32,000. SJS Investment Consulting Inc. grew its position in shares of Oracle by 48.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 308 shares of the enterprise software provider’s stock worth $37,000 after acquiring an additional 100 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Oracle by 1,481.5% in the 1st quarter. Ritter Daniher Financial Advisory LLC DE now owns 427 shares of the enterprise software provider’s stock valued at $40,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ORCL. Mizuho restated a “buy” rating and issued a $150.00 price target on shares of Oracle in a research report on Tuesday, September 19th. Morgan Stanley lifted their target price on Oracle from $106.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. DA Davidson cut their price target on Oracle from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Citigroup upped their price objective on Oracle from $121.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, September 11th. Finally, Jefferies Financial Group raised their target price on Oracle from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $124.23.
Insider Transactions at Oracle
In related news, Director George H. Conrades sold 2,325 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $113.76, for a total value of $264,492.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,029,023.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.80% of the stock is currently owned by insiders.
Oracle Price Performance
Oracle stock traded up $0.64 during mid-day trading on Monday, hitting $116.00. The company’s stock had a trading volume of 949,189 shares, compared to its average volume of 8,850,975. The stock has a market capitalization of $317.77 billion, a P/E ratio of 34.33, a P/E/G ratio of 2.92 and a beta of 1.03. Oracle Co. has a twelve month low of $78.06 and a twelve month high of $127.54. The stock’s fifty day moving average price is $108.95 and its two-hundred day moving average price is $111.75. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72.
Oracle (NYSE:ORCL – Get Free Report) last issued its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $12.45 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the previous year, the firm posted $0.81 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 4.48 earnings per share for the current year.
Oracle Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, October 11th. Oracle’s payout ratio is 47.62%.
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.
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