Oracle Co. (NYSE:ORCL) Position Reduced by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC cut its position in shares of Oracle Co. (NYSE:ORCL) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the enterprise software provider’s stock after selling 98 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Oracle were worth $426,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Northeast Financial Group Inc. purchased a new stake in shares of Oracle in the second quarter worth approximately $205,000. Financial Partners Group LLC lifted its position in shares of Oracle by 13.3% in the second quarter. Financial Partners Group LLC now owns 2,235 shares of the enterprise software provider’s stock worth $316,000 after purchasing an additional 262 shares in the last quarter. Occidental Asset Management LLC lifted its position in shares of Oracle by 11.0% in the second quarter. Occidental Asset Management LLC now owns 5,199 shares of the enterprise software provider’s stock worth $734,000 after purchasing an additional 517 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Oracle by 2.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 20,176 shares of the enterprise software provider’s stock worth $2,849,000 after purchasing an additional 396 shares in the last quarter. Finally, Chatham Capital Group Inc. lifted its position in shares of Oracle by 4.8% in the second quarter. Chatham Capital Group Inc. now owns 34,287 shares of the enterprise software provider’s stock worth $4,841,000 after purchasing an additional 1,578 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Up 2.9 %

Shares of Oracle stock opened at $191.69 on Friday. The company’s fifty day simple moving average is $179.36 and its 200-day simple moving average is $153.99. The company has a market cap of $531.18 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 3.43 and a beta of 1.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.95 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 5.06 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Guggenheim increased their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research report on Thursday. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, September 16th. Stifel Nicolaus raised their price objective on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $171.52.

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.