RMR Wealth Builders Buys 5,675 Shares of Oracle Co. (NYSE:ORCL)

RMR Wealth Builders raised its position in shares of Oracle Co. (NYSE:ORCL) by 383.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,155 shares of the enterprise software provider’s stock after acquiring an additional 5,675 shares during the period. RMR Wealth Builders’ holdings in Oracle were worth $1,192,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ORCL. Quest Partners LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $40,000. Axxcess Wealth Management LLC increased its position in Oracle by 6.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 28,203 shares of the enterprise software provider’s stock valued at $3,982,000 after buying an additional 1,745 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in Oracle by 32.2% during the second quarter. E Fund Management Co. Ltd. now owns 26,279 shares of the enterprise software provider’s stock valued at $3,711,000 after buying an additional 6,406 shares during the last quarter. Meridian Wealth Partners LLC grew its stake in shares of Oracle by 5.7% in the second quarter. Meridian Wealth Partners LLC now owns 2,740 shares of the enterprise software provider’s stock worth $387,000 after acquiring an additional 148 shares during the last quarter. Finally, Argent Trust Co increased its holdings in shares of Oracle by 7.2% during the second quarter. Argent Trust Co now owns 104,852 shares of the enterprise software provider’s stock valued at $14,805,000 after acquiring an additional 7,025 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ORCL. Evercore ISI upped their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. DA Davidson upped their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Citigroup boosted their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Trading Up 1.3 %

Shares of NYSE ORCL opened at $158.35 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day simple moving average of $176.99 and a two-hundred day simple moving average of $161.24. The firm has a market cap of $442.90 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. Analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

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.