Delta Investment Management LLC Takes $243,000 Position in Oracle Co. (NYSE:ORCL)

Delta Investment Management LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,722 shares of the enterprise software provider’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the second quarter worth approximately $27,000. Westend Capital Management LLC purchased a new position in shares of Oracle during the first quarter worth approximately $25,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter worth approximately $35,000. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Oracle during the fourth quarter worth approximately $30,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. KeyCorp lifted their price target on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Barclays lifted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Jefferies Financial Group raised their target price on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Mizuho upped their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $166.13.

Oracle Stock Performance

Shares of ORCL opened at $168.11 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business’s 50 day moving average price is $143.76 and its 200-day moving average price is $133.07. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The stock has a market cap of $465.83 billion, a P/E ratio of 45.31, a P/E/G ratio of 3.05 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity at Oracle

In related news, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,573,181 shares of company stock valued at $225,338,245. 42.80% of the stock is owned by corporate insiders.

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.