Haverford Financial Services Inc. Lowers Holdings in Oracle Co. (NYSE:ORCL)

Haverford Financial Services Inc. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,042 shares of the enterprise software provider’s stock after selling 133 shares during the period. Oracle makes up approximately 4.0% of Haverford Financial Services Inc.’s holdings, making the stock its 7th largest holding. Haverford Financial Services Inc.’s holdings in Oracle were worth $13,420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Contour Asset Management LLC grew its stake in shares of Oracle by 41.5% in the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the period. Hancock Whitney Corp grew its stake in shares of Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after purchasing an additional 3,291 shares during the period. Heritage Wealth Advisors grew its stake in shares of Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after purchasing an additional 109 shares during the period. Goelzer Investment Management Inc. grew its stake in shares of Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after purchasing an additional 1,500 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Oracle by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after purchasing an additional 7,982 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $7,076,685. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders have sold 1,610,402 shares of company stock worth $230,556,257 in the last three months. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ORCL shares. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Stifel Nicolaus boosted their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday. Piper Sandler boosted their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, Citigroup boosted their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Oracle Stock Down 1.8 %

NYSE:ORCL opened at $164.49 on Thursday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $173.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $453.31 billion, a P/E ratio of 44.34, a P/E/G ratio of 2.95 and a beta of 1.01. The stock’s fifty day simple moving average is $141.34 and its 200-day simple moving average is $131.19.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the company earned $0.95 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Oracle’s dividend payout ratio is currently 43.13%.

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.