Monetary Management Group Inc. Buys 2,070 Shares of Oracle Corporation $ORCL

Key Points

• Monetary Management Group Inc. increased its stake in Oracle Corporation by 9.3% during the first quarter, acquiring an additional 2,070 shares, bringing its total holding to 24,355 shares valued at approximately $3,405,000.
• Several institutional investors have recently boosted their stakes in Oracle, with Brighton Jones LLC increasing its position by 189.3% during the fourth quarter, now owning 153,580 shares worth $25,593,000.
• Oracle's stock has received multiple positive ratings from analysts, with a consensus price target of $227.04 and ratings reflecting a "Moderate Buy," indicating strong future growth expectations.

Monetary Management Group Inc. increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,355 shares of the enterprise software provider's stock after buying an additional 2,070 shares during the quarter. Oracle comprises approximately 0.9% of Monetary Management Group Inc.'s holdings, making the stock its 20th largest holding. Monetary Management Group Inc.'s holdings in Oracle were worth $3,405,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of 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 last quarter. Revolve Wealth Partners LLC increased its stake in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after buying an additional 404 shares during the period. Burling Wealth Partners LLC purchased a new position in shares of Oracle during the fourth quarter valued at $2,126,000. Integrated Wealth Concepts LLC increased its stake in shares of Oracle by 7.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 64,065 shares of the enterprise software provider's stock valued at $10,676,000 after buying an additional 4,550 shares during the period. Finally, Hancock Whitney Corp increased its stake in shares of Oracle by 0.8% during the fourth quarter. Hancock Whitney Corp now owns 25,814 shares of the enterprise software provider's stock valued at $4,302,000 after buying an additional 201 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Scotiabank assumed coverage on Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price target on the stock. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and lifted their target price for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. CIBC reiterated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Finally, Mizuho raised their price target on Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Oracle Price Performance

Shares of NYSE ORCL opened at $233.0010 on Friday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $654.46 billion, a PE ratio of 53.69, a P/E/G ratio of 3.51 and a beta of 1.43. The business has a 50-day simple moving average of $234.95 and a two-hundred day simple moving average of $182.32. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Oracle's payout ratio is 46.08%.

About Oracle

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.

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