Oracle Corporation $ORCL Shares Sold by Delphi Management Inc. MA

Delphi Management Inc. MA lowered its stake in Oracle Corporation (NYSE:ORCL) by 7.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 7,280 shares of the enterprise software provider’s stock after selling 610 shares during the quarter. Oracle comprises about 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 10th largest position. Delphi Management Inc. MA’s holdings in Oracle were worth $1,592,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Insight Wealth Strategies LLC grew its stake in shares of Oracle by 1.0% in the second quarter. Insight Wealth Strategies LLC now owns 19,010 shares of the enterprise software provider’s stock valued at $4,163,000 after buying an additional 192 shares in the last quarter. Retirement Wealth Solutions LLC boosted its holdings in Oracle by 16.4% in the second quarter. Retirement Wealth Solutions LLC now owns 696 shares of the enterprise software provider’s stock valued at $152,000 after purchasing an additional 98 shares during the last quarter. Armstrong Henry H Associates Inc. purchased a new position in Oracle in the second quarter valued at about $202,000. Roxbury Financial LLC boosted its holdings in Oracle by 19.4% in the second quarter. Roxbury Financial LLC now owns 1,090 shares of the enterprise software provider’s stock valued at $238,000 after purchasing an additional 177 shares during the last quarter. Finally, Greenfield Savings Bank boosted its holdings in Oracle by 0.6% in the second quarter. Greenfield Savings Bank now owns 9,117 shares of the enterprise software provider’s stock valued at $1,993,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, insider Michael D. Sicilia sold 15,880 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. This trade represents a 13.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,183 shares of company stock worth $10,353,198 over the last quarter. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday, June 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Melius Research increased their target price on Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday. BNP Paribas set a $377.00 target price on Oracle in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $296.84.

Oracle Stock Down 5.1%

ORCL opened at $292.07 on Friday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.75. The stock has a market cap of $820.38 billion, a P/E ratio of 67.61, a P/E/G ratio of 4.10 and a beta of 1.46. The stock’s 50 day moving average price is $244.69 and its 200 day moving average price is $190.50.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period last year, the firm earned $1.63 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.30%.

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.