Delta Investment Management LLC Buys 177 Shares of Oracle Co. (NYSE:ORCL)

Delta Investment Management LLC grew its stake in Oracle Co. (NYSE:ORCL) by 11.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,757 shares of the enterprise software provider’s stock after acquiring an additional 177 shares during the quarter. Delta Investment Management LLC’s holdings in Oracle were worth $293,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. grew its stake in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the 4th quarter worth approximately $47,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Guggenheim restated a “buy” rating and set a $220.00 price target on shares of Oracle in a research report on Thursday, April 3rd. DA Davidson decreased their price target on Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target on the stock. Finally, UBS Group restated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.42.

Oracle Stock Performance

ORCL stock opened at $160.05 on Wednesday. The business’s fifty day moving average is $143.33 and its 200-day moving average is $162.36. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $447.65 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last quarter. Corporate insiders own 42.20% of the company’s stock.

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.