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

Riggs Capital Management LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,356 shares of the enterprise software provider’s stock, valued at approximately $226,000.

Several other institutional investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG grew its position in Oracle by 6.4% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 163,583 shares of the enterprise software provider’s stock worth $27,256,000 after purchasing an additional 9,896 shares in the last quarter. Seven Mile Advisory boosted its stake in shares of Oracle by 32.4% in the 4th quarter. Seven Mile Advisory now owns 5,777 shares of the enterprise software provider’s stock worth $963,000 after buying an additional 1,413 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $139,000. Edmond DE Rothschild Holding S.A. increased its position in shares of Oracle by 128.3% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 36,525 shares of the enterprise software provider’s stock valued at $6,087,000 after acquiring an additional 20,527 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Oracle by 9.2% during the fourth quarter. Meeder Asset Management Inc. now owns 105,058 shares of the enterprise software provider’s stock worth $17,507,000 after acquiring an additional 8,830 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 3.5 %

Shares of ORCL stock opened at $140.75 on Monday. The business has a 50-day moving average price of $163.94 and a two-hundred day moving average price of $170.31. Oracle Co. has a 12-month low of $112.78 and a 12-month 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 firm has a market cap of $393.67 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued 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). The firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is currently 46.95%.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. Citigroup lowered their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. UBS Group reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.20.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by company insiders.

Oracle 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.