RMB Capital Management LLC Grows Stake in Oracle Co. (NYSE:ORCL)

RMB Capital Management LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,232 shares of the enterprise software provider’s stock after purchasing an additional 881 shares during the quarter. RMB Capital Management LLC’s holdings in Oracle were worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ORCL. Budros Ruhlin & Roe Inc. lifted its holdings in Oracle by 5.9% in the first quarter. Budros Ruhlin & Roe Inc. now owns 28,352 shares of the enterprise software provider’s stock valued at $1,989,000 after acquiring an additional 1,579 shares during the period. InterOcean Capital Group LLC bought a new position in Oracle in the first quarter valued at about $206,000. Schnieders Capital Management LLC raised its stake in shares of Oracle by 135.3% in the first quarter. Schnieders Capital Management LLC now owns 28,531 shares of the enterprise software provider’s stock worth $2,002,000 after buying an additional 16,408 shares during the period. McIlrath & Eck LLC raised its stake in shares of Oracle by 4.5% in the first quarter. McIlrath & Eck LLC now owns 3,266 shares of the enterprise software provider’s stock worth $229,000 after buying an additional 140 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its stake in shares of Oracle by 2.4% in the first quarter. BOK Financial Private Wealth Inc. now owns 8,573 shares of the enterprise software provider’s stock worth $602,000 after buying an additional 205 shares during the period. 45.50% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Oracle from a “buy” rating to a “hold” rating and set a $83.00 price objective on the stock. in a research note on Thursday, May 6th. Citigroup began coverage on Oracle in a research report on Wednesday, March 3rd. They set a “neutral” rating and a $65.00 target price for the company. Societe Generale reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, March 17th. BMO Capital Markets increased their target price on Oracle from $64.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 9th. Finally, Wedbush began coverage on Oracle in a report on Wednesday, March 31st. They set a “neutral” rating and a $54.00 price target for the company. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $72.84.

Shares of ORCL stock opened at $82.30 on Friday. Oracle Co. has a 1-year low of $50.91 and a 1-year high of $85.03. The stock’s fifty day simple moving average is $78.12. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 6.59. The stock has a market cap of $237.31 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.79.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Oracle had a return on equity of 116.15% and a net margin of 32.32%. The firm had revenue of $10.09 billion for the quarter, compared to the consensus estimate of $10.07 billion. During the same period in the previous year, the business earned $0.97 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 3.96 EPS for the current year.

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,400,000 shares of the business’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $80.03, for a total transaction of $112,042,000.00. Following the sale, the chairman now owns 1,140,132,353 shares in the company, valued at approximately $91,244,792,210.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Safra Catz sold 1,150,000 shares of the business’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $66.31, for a total value of $76,256,500.00. Following the sale, the chief executive officer now owns 2,218,592 shares in the company, valued at approximately $147,114,835.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,433,000 shares of company stock worth $699,611,560. 39.10% of the stock is owned by company insiders.

Oracle Company Profile

Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.

Further Reading: Diversification Important in Investing

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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