Delta Asset Management LLC TN raised its holdings in Oracle Co. (NYSE:ORCL) by 21.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,392 shares of the enterprise software provider’s stock after purchasing an additional 1,500 shares during the quarter. Delta Asset Management LLC TN’s holdings in Oracle were worth $589,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of Oracle in the 4th quarter valued at $1,107,842,000. Fisher Asset Management LLC grew its stake in Oracle by 2.9% during the 1st quarter. Fisher Asset Management LLC now owns 14,341,957 shares of the enterprise software provider’s stock worth $1,006,375,000 after purchasing an additional 407,791 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Oracle by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,334,074 shares of the enterprise software provider’s stock worth $927,271,000 after purchasing an additional 303,342 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Oracle by 41.6% during the 4th quarter. Nuveen Asset Management LLC now owns 11,363,258 shares of the enterprise software provider’s stock worth $735,090,000 after purchasing an additional 3,340,696 shares in the last quarter. Finally, Morgan Stanley grew its stake in Oracle by 6.5% during the 4th quarter. Morgan Stanley now owns 10,379,119 shares of the enterprise software provider’s stock worth $671,427,000 after purchasing an additional 637,044 shares in the last quarter. Institutional investors own 47.54% of the company’s stock.

Several research analysts have recently issued reports on the company. Barclays raised Oracle from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $80.00 in a research report on Thursday, March 11th. Stifel Nicolaus raised their price objective on Oracle from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, March 17th. Wells Fargo & Company increased their target price on Oracle from $68.75 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, March 17th. DZ Bank restated a “hold” rating and set a $80.00 price objective on shares of Oracle in a report on Tuesday, April 27th. Finally, Evercore ISI started coverage on Oracle in a research report on Monday, March 22nd. They issued an “in-line” rating and a $66.00 target price on the stock. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Oracle has an average rating of “Hold” and a consensus price target of $71.36.

In other Oracle news, CEO Safra Catz sold 1,150,000 shares of the stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $66.31, for a total value of $76,256,500.00. Following the sale, the chief executive officer now directly owns 2,218,592 shares in the company, valued at $147,114,835.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction on Friday, March 5th. The stock was sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the sale, the insider now owns 400,000 shares in the company, valued at $28,012,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,508,000 shares of company stock worth $306,882,810. 39.10% of the stock is owned by corporate insiders.

Shares of NYSE ORCL opened at $77.33 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 7.37. The stock has a 50 day simple moving average of $72.88 and a 200-day simple moving average of $64.35. The company has a market cap of $222.98 billion, a PE ratio of 23.43, a P/E/G ratio of 1.79 and a beta of 0.76. Oracle Co. has a 12-month low of $50.86 and a 12-month high of $80.21.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Oracle had a return on equity of 101.26% and a net margin of 26.34%. The business had revenue of $10.09 billion during the quarter, compared to the consensus estimate of $10.07 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 3.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 22nd. Investors of record on Thursday, April 8th were issued a dividend of $0.32 per share. This is a boost from Oracle’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, April 7th. This represents a $1.28 annualized dividend and a yield of 1.66%. Oracle’s payout ratio is presently 36.99%.

Oracle Profile

Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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