RMR Wealth Builders Has $219,000 Stake in Oracle Co. (NYSE:ORCL)

RMR Wealth Builders cut its stake in Oracle Co. (NYSE:ORCL) by 44.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,549 shares of the enterprise software provider’s stock after selling 1,233 shares during the period. RMR Wealth Builders’ holdings in Oracle were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Westend Capital Management LLC bought a new position in shares of Oracle in the 1st quarter valued at about $25,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $35,000. Tidemark LLC acquired a new position in Oracle during the fourth quarter valued at approximately $29,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle during the fourth quarter worth $30,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Oracle in the 1st quarter valued at $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,862,500 shares of company stock worth $266,776,624. Corporate insiders own 42.80% of the company’s stock.

Oracle Trading Down 1.2 %

ORCL stock traded down $1.74 during trading on Thursday, reaching $138.46. 2,939,836 shares of the stock traded hands, compared to its average volume of 8,171,807. The business’s 50 day moving average price is $138.96 and its 200-day moving average price is $126.31. The firm has a market capitalization of $381.58 billion, a PE ratio of 37.92, a P/E/G ratio of 2.45 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.35 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is 43.13%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ORCL shares. BMO Capital Markets lifted their price target on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Evercore ISI boosted their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. TD Cowen lifted their price target on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Piper Sandler reissued an “overweight” rating and set a $150.00 target price on shares of Oracle in a report on Friday, July 12th. Finally, Stifel Nicolaus upped their price target on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.83.

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.