Haverford Trust Co Sells 14,946 Shares of Oracle Co. (NYSE:ORCL)

Haverford Trust Co cut its stake in Oracle Co. (NYSE:ORCL - Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,675,683 shares of the enterprise software provider's stock after selling 14,946 shares during the quarter. Oracle makes up 2.8% of Haverford Trust Co's portfolio, making the stock its 6th biggest holding. Haverford Trust Co owned 0.06% of Oracle worth $279,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. increased its position in Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after buying an additional 1,069 shares during the last quarter. RMR Wealth Builders raised its holdings in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock valued at $1,192,000 after buying an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock worth $27,428,000 after buying an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Oracle during the 4th quarter worth about $1,800,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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Oracle Price Performance

NYSE:ORCL traded down $1.28 during mid-day trading on Tuesday, hitting $153.59. The company's stock had a trading volume of 8,509,869 shares, compared to its average volume of 8,509,694. The company has a market capitalization of $429.58 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The stock has a fifty day moving average of $164.89 and a 200-day moving average of $170.36.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 return on equity of 133.25% and a net margin of 21.16%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 earnings per share. As a group, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Evercore ISI reduced their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Morgan Stanley dropped their price target on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. UBS Group reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Finally, JMP Securities restated a "market outperform" rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $179.20.

Oracle Company 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.