Riverchase Wealth Management LLC Makes New $269,000 Investment in Oracle Co. (NYSE:ORCL)

Riverchase Wealth Management LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,613 shares of the enterprise software provider’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Principal Financial Group Inc. grew its stake in Oracle by 5.3% in 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 buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 1,069 shares during the period. RMR Wealth Builders increased its stake in shares of 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 during the period. Foundations Investment Advisors LLC lifted its position in shares of Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after purchasing an additional 32,718 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of Oracle during the 4th quarter worth approximately $1,800,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was 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 $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

NYSE:ORCL opened at $145.88 on Friday. The company has a market capitalization of $408.03 billion, a PE ratio of 35.67, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day simple moving average of $164.35 and a two-hundred day simple moving average of $170.11.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DA Davidson restated a “neutral” rating and set a $150.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Stifel Nicolaus lowered their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. BMO Capital Markets lowered their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald dropped their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.