Rockline Wealth Management LLC Acquires 23,208 Shares of Oracle Corporation (NYSE:ORCL)

Rockline Wealth Management LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 84.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,609 shares of the enterprise software provider's stock after purchasing an additional 23,208 shares during the quarter. Oracle accounts for 2.0% of Rockline Wealth Management LLC's holdings, making the stock its 13th largest position. Rockline Wealth Management LLC's holdings in Oracle were worth $7,076,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $36,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ORCL. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. UBS Group restated a "buy" rating and issued a $225.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. JPMorgan Chase & Co. raised their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Evercore ISI restated a "buy" rating on shares of Oracle in a research report on Wednesday. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $196.74.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now owns 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 442,366 shares of company stock valued at $83,395,223. Corporate insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $205.06 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60. The firm has a fifty day simple moving average of $160.39 and a 200 day simple moving average of $161.52. The company has a market capitalization of $573.53 billion, a PE ratio of 47.25, a P/E/G ratio of 3.16 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

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.

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