Rahlfs Capital LLC Purchases New Shares in Oracle Co. (NYSE:ORCL)

Rahlfs Capital LLC bought a new position in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,760 shares of the enterprise software provider's stock, valued at approximately $1,626,000. Oracle accounts for about 1.5% of Rahlfs Capital LLC's portfolio, making the stock its 16th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after acquiring an additional 87 shares during the period. Hurley Capital LLC acquired a new position in Oracle in the fourth quarter worth about $33,000. Synergy Investment Management LLC bought a new position in Oracle during the fourth quarter worth about $34,000. Finally, TFC Financial Management Inc. boosted its holdings in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,448,328 shares of company stock worth $453,791,001 over the last ninety days. 42.20% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Westpark Capital initiated coverage on Oracle in a report on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price for the company. Jefferies Financial Group cut their price objective on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. JMP Securities reaffirmed a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. DA Davidson reissued a "neutral" rating and set a $150.00 price target on shares of Oracle in a report on Tuesday, March 11th. Finally, Evercore ISI decreased their price objective on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $178.65.

Oracle Stock Down 2.2 %

ORCL stock traded down $2.84 during mid-day trading on Tuesday, reaching $124.32. 10,080,918 shares of the company traded hands, compared to its average volume of 9,156,055. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm's 50 day moving average price is $159.43 and its 200 day moving average price is $169.09. The stock has a market cap of $347.73 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the previous year, the firm earned $1.41 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.61%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is presently 46.95%.

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.