Oracle Co. (NYSE:ORCL) Shares Purchased by RMR Wealth Builders

RMR Wealth Builders grew its stake in shares of Oracle Co. (NYSE:ORCL) by 383.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,155 shares of the enterprise software provider’s stock after purchasing an additional 5,675 shares during the period. RMR Wealth Builders’ holdings in Oracle were worth $1,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Highline Wealth Partners LLC lifted its holdings in shares of Oracle by 15.5% in the fourth quarter. Highline Wealth Partners LLC now owns 15,764 shares of the enterprise software provider’s stock valued at $2,627,000 after purchasing an additional 2,110 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Oracle during the 4th quarter worth about $454,000. ORG Wealth Partners LLC boosted its position in Oracle by 22.1% during the fourth quarter. ORG Wealth Partners LLC now owns 3,747 shares of the enterprise software provider’s stock worth $624,000 after acquiring an additional 678 shares during the last quarter. ORG Partners LLC grew its position in shares of Oracle by 2.2% in the fourth quarter. ORG Partners LLC now owns 6,005 shares of the enterprise software provider’s stock valued at $1,001,000 after purchasing an additional 130 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its position in Oracle by 7.3% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 19,584 shares of the enterprise software provider’s stock worth $3,264,000 after buying an additional 1,340 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL traded down $8.38 during midday trading on Friday, hitting $154.36. 12,933,407 shares of the company traded hands, compared to its average volume of 7,714,413. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52 week low of $103.54 and a 52 week high of $198.31. The firm has a market capitalization of $431.74 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company’s 50-day moving average is $177.93 and its 200 day moving average is $160.63.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 EPS. On average, research analysts expect that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. BMO Capital Markets lifted their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Citigroup raised their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley boosted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

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.