Duff & Phelps Investment Management Co. Has $515,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Duff & Phelps Investment Management Co. lowered its holdings in Oracle Co. (NYSE:ORCL) by 80.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,649 shares of the enterprise software provider’s stock after selling 14,685 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Oracle were worth $515,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Werlinich Asset Management LLC increased its position in Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after acquiring an additional 70 shares during the period. RFP Financial Group LLC raised its position in shares of Oracle by 2.7% during the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock valued at $405,000 after buying an additional 75 shares during the last quarter. ERn Financial LLC lifted its stake in shares of Oracle by 0.6% in the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock valued at $1,823,000 after buying an additional 80 shares during the period. Key Financial Inc grew its position in Oracle by 1.2% during the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after buying an additional 80 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in Oracle by 18.0% during the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after acquiring an additional 81 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 1,573,181 shares of company stock valued at $225,338,245 in the last 90 days. 42.80% of the stock is owned by company insiders.

Oracle Trading Up 0.4 %

ORCL stock opened at $168.74 on Monday. The business has a fifty day moving average of $144.96 and a 200-day moving average of $133.79. The company has a market cap of $467.57 billion, a P/E ratio of 45.48, a PEG ratio of 3.05 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ORCL. UBS Group raised their price objective on Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a research note on Tuesday, September 10th. Barclays increased their price objective on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, BMO Capital Markets increased their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $166.13.

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.