Haverford Trust Co Sells 61,676 Shares of Oracle Co. (NYSE:ORCL)

Haverford Trust Co lessened its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,690,629 shares of the enterprise software provider's stock after selling 61,676 shares during the period. Oracle comprises approximately 2.8% of Haverford Trust Co's investment portfolio, making the stock its 6th biggest position. Haverford Trust Co owned 0.06% of Oracle worth $288,083,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $35,000. Reston Wealth Management LLC purchased a new stake in Oracle during the third quarter worth $44,000. Finally, Quest Partners LLC purchased a new stake in Oracle during the second quarter worth $40,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORCL. Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Melius raised Oracle from a "hold" rating to a "buy" rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. UBS Group reaffirmed a "market outperform" rating on shares of Oracle in a research report on Friday, October 18th. TD Cowen upped their target price on Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Finally, KeyCorp upped their target price on Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $168.52.

Oracle Stock Up 0.2 %

ORCL stock traded up $0.32 during mid-day trading on Wednesday, hitting $189.90. 3,842,320 shares of the company were exchanged, compared to its average volume of 8,245,663. The company has a market capitalization of $526.22 billion, a PE ratio of 48.96, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. 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 twelve month low of $99.26 and a twelve month high of $191.77. The firm has a fifty day simple moving average of $169.43 and a 200 day simple moving average of $145.54.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the firm posted $0.95 EPS. Oracle's quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio (DPR) is currently 41.24%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by insiders.

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.