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

RMR Wealth Builders raised its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 29.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,277 shares of the enterprise software provider's stock after acquiring an additional 2,122 shares during the quarter. RMR Wealth Builders' holdings in Oracle were worth $1,297,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter worth $34,000. TFC Financial Management Inc. raised its stake in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the 4th quarter worth $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 7.8%

Oracle stock traded up $15.68 during midday trading on Friday, hitting $215.54. 53,639,099 shares of the stock were exchanged, compared to its average volume of 9,721,350. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $216.60. The firm has a market cap of $602.86 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50 day moving average price of $152.88 and a two-hundred day moving average price of $160.46.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm's quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ORCL shares. Bank of America lifted their price target on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday. Jefferies Financial Group boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Westpark Capital boosted their target price on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday. UBS Group boosted their target price on shares of Oracle from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Twelve investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $194.32.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 in the last three months. Corporate insiders own 42.20% of the company's stock.

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.