Oracle Co. (NYSE:ORCL) Shares Bought by Delta Capital Management LLC

Delta Capital Management LLC grew its position in Oracle Co. (NYSE:ORCL) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,095 shares of the enterprise software provider’s stock after purchasing an additional 180 shares during the quarter. Oracle makes up 1.8% of Delta Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Delta Capital Management LLC’s holdings in Oracle were worth $4,682,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ORCL. Bridges Investment Management Inc. increased its stake in Oracle by 16.4% in the second quarter. Bridges Investment Management Inc. now owns 22,670 shares of the enterprise software provider’s stock valued at $3,201,000 after purchasing an additional 3,191 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Oracle by 97.7% in the 2nd quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock valued at $7,912,000 after buying an additional 27,685 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Oracle by 36.0% in the 2nd quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock valued at $20,856,000 after buying an additional 39,107 shares during the last quarter. Sei Investments Co. raised its stake in Oracle by 21.4% during the 2nd quarter. Sei Investments Co. now owns 1,296,012 shares of the enterprise software provider’s stock worth $182,998,000 after acquiring an additional 228,440 shares in the last quarter. Finally, Blue Whale Capital LLP acquired a new position in Oracle in the second quarter valued at $3,841,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on ORCL shares. Mizuho lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research note on Friday. They issued an “overweight” rating and a $214.00 target price for the company. Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Guggenheim raised their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group boosted their target price on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

NYSE ORCL opened at $161.05 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The business has a fifty day moving average of $175.44 and a 200-day moving average of $161.34. The stock has a market cap of $450.44 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s payout ratio is currently 39.12%.

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.