Delphi Management Inc. MA Sells 1,590 Shares of Oracle Co. (NYSE:ORCL)

Delphi Management Inc. MA trimmed its position in Oracle Co. (NYSE:ORCL) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,141 shares of the enterprise software provider’s stock after selling 1,590 shares during the period. Delphi Management Inc. MA’s holdings in Oracle were worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new stake in shares of Oracle in the fourth quarter valued at about $99,000. Curio Wealth LLC bought a new stake in shares of Oracle in the fourth quarter valued at about $173,000. Cassady Schiller Wealth Management LLC lifted its holdings in shares of Oracle by 6.3% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 1,879 shares of the enterprise software provider’s stock valued at $313,000 after purchasing an additional 112 shares in the last quarter. TCTC Holdings LLC increased its position in shares of Oracle by 7.6% in the fourth quarter. TCTC Holdings LLC now owns 2,354 shares of the enterprise software provider’s stock valued at $392,000 after acquiring an additional 167 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Oracle by 0.4% in the fourth quarter. Signaturefd LLC now owns 44,145 shares of the enterprise software provider’s stock valued at $7,356,000 after acquiring an additional 158 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Oracle stock opened at $154.01 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $430.76 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 3.46 and a beta of 1.07. The stock’s 50 day moving average is $165.57 and its 200-day moving average is $169.95. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 earnings per share. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.71.

Oracle 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.