RMR Wealth Builders Increases Stock Position in Oracle Corporation $ORCL

Key Points

• RMR Wealth Builders increased its ownership in Oracle Corporation by 11.1%, owning a total of 10,307 shares valued at approximately $2.25 million as of its latest SEC filing.
• Oracle Corporation has announced a quarterly dividend of $0.50 per share, with an annualized dividend yield of 0.7%, payable on October 23rd.
• Analysts have recently updated their price targets for Oracle, with a consensus rating of "Moderate Buy" and a target price around $296.84.

RMR Wealth Builders boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,307 shares of the enterprise software provider's stock after purchasing an additional 1,030 shares during the quarter. RMR Wealth Builders' holdings in Oracle were worth $2,254,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ORCL. Brighton Jones LLC lifted its stake in Oracle by 189.3% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC lifted its stake in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Toronto Dominion Bank lifted its stake in Oracle by 15.2% in the 4th quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider's stock worth $113,199,000 after purchasing an additional 89,723 shares in the last quarter. Strive Asset Management LLC purchased a new stake in Oracle in the 4th quarter worth $1,151,000. Finally, Strategic Wealth Partners Ltd. raised its position in shares of Oracle by 31.9% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 66,481 shares of the enterprise software provider's stock valued at $11,558,000 after buying an additional 16,078 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 5.1%

Shares of NYSE ORCL opened at $292.07 on Monday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $829.98 billion, a P/E ratio of 67.61, a PEG ratio of 3.16 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The firm has a 50-day simple moving average of $244.69 and a two-hundred day simple moving average of $190.68.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's payout ratio is currently 46.30%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. Scotiabank restated an "outperform" rating on shares of Oracle in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, September 8th. Morgan Stanley upped their target price on shares of Oracle from $175.00 to $246.00 and gave the company an "equal weight" rating in a research report on Monday, September 8th. Stifel Nicolaus upped their target price on shares of Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, DA Davidson upped their target price on shares of Oracle from $220.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $296.84.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,183 shares of company stock valued at $10,353,198 in the last ninety days. Corporate insiders own 42.20% of the company's stock.

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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