Rahlfs Capital LLC Purchases Shares of 9,760 Oracle Co. (NYSE:ORCL)

Rahlfs Capital LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,760 shares of the enterprise software provider’s stock, valued at approximately $1,626,000. Oracle makes up approximately 1.5% of Rahlfs Capital LLC’s holdings, making the stock its 16th biggest position.

Other large investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in Oracle during the 4th quarter worth about $33,000. Payden & Rygel raised its position in shares of Oracle by 31.2% during the 4th quarter. Payden & Rygel now owns 85,690 shares of the enterprise software provider’s stock worth $14,279,000 after acquiring an additional 20,400 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Oracle by 6.1% during the 4th quarter. Wedbush Securities Inc. now owns 53,953 shares of the enterprise software provider’s stock worth $8,991,000 after acquiring an additional 3,102 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Oracle by 1.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,980,801 shares of the enterprise software provider’s stock valued at $663,361,000 after purchasing an additional 69,918 shares in the last quarter. Finally, Perennial Investment Advisors LLC increased its stake in Oracle by 4.0% in the fourth quarter. Perennial Investment Advisors LLC now owns 6,161 shares of the enterprise software provider’s stock valued at $1,027,000 after purchasing an additional 239 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Down 6.6 %

Shares of ORCL stock opened at $128.17 on Friday. The firm’s 50 day moving average price is $160.05 and its two-hundred day moving average price is $169.33. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. 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 stock has a market cap of $358.48 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for 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 business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. Oracle’s payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,448,328 shares of company stock worth $453,791,001 in the last 90 days. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ORCL shares. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. Cantor Fitzgerald reduced their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, Piper Sandler decreased their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.65.

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.