Delta Financial Advisors LLC Sells 2,753 Shares of Oracle Co. (NYSE:ORCL)

Delta Financial Advisors LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,089 shares of the enterprise software provider’s stock after selling 2,753 shares during the quarter. Oracle comprises approximately 1.3% of Delta Financial Advisors LLC’s portfolio, making the stock its 19th biggest position. Delta Financial Advisors LLC’s holdings in Oracle were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Oracle during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle during the third quarter valued at $27,000. Cornerstone Planning Group LLC boosted its position in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its position in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after buying an additional 216 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL traded down $1.03 on Thursday, hitting $117.64. 2,128,845 shares of the company’s stock traded hands, compared to its average volume of 8,535,845. The company’s 50 day simple moving average is $119.28 and its 200-day simple moving average is $112.78. The firm has a market cap of $323.33 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.33 and a beta of 1.01. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS. As a group, research analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ORCL. Piper Sandler dropped their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. KeyCorp began coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Oppenheimer began coverage on Oracle in a research report on Thursday. They issued a “market perform” rating on the stock. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Erste Group Bank reissued a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

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.