Rexford Capital Inc. Makes New $2.62 Million Investment in Oracle Corporation $ORCL

Rexford Capital Inc. acquired a new stake in Oracle Corporation (NYSE:ORCL) in the second quarter, Holdings Channel.com reports. The fund acquired 11,984 shares of the enterprise software provider’s stock, valued at approximately $2,620,000. Oracle makes up approximately 2.2% of Rexford Capital Inc.’s portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Brighton Jones LLC increased its stake in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Oracle by 69.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 22,554 shares of the enterprise software provider’s stock worth $3,153,000 after buying an additional 9,237 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in Oracle by 13.5% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 1,615 shares of the enterprise software provider’s stock worth $226,000 after buying an additional 192 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Oracle by 19.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 17,582 shares of the enterprise software provider’s stock worth $2,458,000 after buying an additional 2,855 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent research reports. Rothschild Redb raised Oracle to a “strong sell” rating in a research report on Thursday, September 25th. Royal Bank Of Canada reduced their price target on Oracle from $310.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday. HSBC reiterated a “buy” rating and issued a $382.00 price objective on shares of Oracle in a research note on Wednesday, November 26th. Barclays set a $310.00 target price on shares of Oracle in a research note on Thursday. Finally, KeyCorp decreased their price target on shares of Oracle from $350.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $301.57.

Insiders Place Their Bets

In related news, Director Jeffrey Berg sold 49,365 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the sale, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This represents a 24.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Smith sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the transaction, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 171,513 shares of company stock worth $50,397,893. Corporate insiders own 40.90% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $189.64 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The firm’s 50 day moving average is $245.58 and its two-hundred day moving average is $241.39. The firm has a market capitalization of $540.62 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.14 and a beta of 1.66.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.62. The business had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. During the same quarter in the prior year, the business posted $1.47 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s payout ratio is 37.59%.

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.