RMR Wealth Builders Raises Holdings in Oracle Co. (NYSE:ORCL)

RMR Wealth Builders lifted its stake in Oracle Co. (NYSE:ORCLFree Report) by 383.4% during the fourth quarter, HoldingsChannel reports. The institutional investor 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.

Other large investors have also modified their holdings of the company. Quest Partners LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $40,000. Bahl & Gaynor Inc. increased its position in shares of Oracle by 2.7% in the second quarter. Bahl & Gaynor Inc. now owns 31,304 shares of the enterprise software provider’s stock worth $4,420,000 after acquiring an additional 832 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Oracle by 223.9% during the 2nd quarter. American Century Companies Inc. now owns 1,067,682 shares of the enterprise software provider’s stock valued at $150,757,000 after buying an additional 738,085 shares during the period. Y.D. More Investments Ltd grew its holdings in Oracle by 272.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 16,104 shares of the enterprise software provider’s stock valued at $2,273,000 after purchasing an additional 11,784 shares in the last quarter. Finally, Trueblood Wealth Management LLC grew its stake in Oracle by 0.8% during the 2nd quarter. Trueblood Wealth Management LLC now owns 12,251 shares of the enterprise software provider’s stock valued at $1,730,000 after purchasing an additional 101 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. Evercore ISI upped their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a report on Friday, December 20th. Finally, Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $181.48.

View Our Latest Report on Oracle

Oracle Stock Down 5.1 %

NYSE:ORCL traded down $8.38 on Friday, hitting $154.36. The stock had a trading volume of 12,933,407 shares, compared to its average volume of 7,714,413. The firm’s fifty day simple moving average is $177.93 and its two-hundred day simple moving average is $160.63. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. Oracle Co. has a 1 year low of $103.54 and a 1 year high of $198.31. The stock has a market cap of $431.74 billion, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCLGet Free Report) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. Analysts predict that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

About Oracle

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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