River Global Investors LLP Has $2.40 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

River Global Investors LLP trimmed its holdings in Oracle Co. (NYSE:ORCL) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,735 shares of the enterprise software provider’s stock after selling 2,558 shares during the quarter. River Global Investors LLP’s holdings in Oracle were worth $2,396,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of Oracle during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new position in shares of Oracle in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC grew its holdings in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. increased its holdings in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several recent analyst reports. HSBC upped their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, The Goldman Sachs Group upped their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Performance

Shares of ORCL stock traded up $0.84 on Friday, reaching $115.80. The stock had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. Oracle Co. has a 12 month low of $94.41 and a 12 month high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market capitalization of $318.28 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.31 and a beta of 1.03. The firm’s 50-day moving average is $119.91 and its two-hundred day moving average is $113.32.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. On average, research analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s dividend payout ratio is currently 42.22%.

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.