RKL Wealth Management LLC Grows Position in Oracle Co. (NYSE:ORCL)

RKL Wealth Management LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 29.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,619 shares of the enterprise software provider’s stock after acquiring an additional 596 shares during the quarter. RKL Wealth Management LLC’s holdings in Oracle were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fairway Wealth LLC bought a new position in shares of Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle during the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ORCL. Guggenheim raised their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Royal Bank of Canada began coverage on Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. DA Davidson raised their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Evercore ISI lifted their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Performance

Shares of ORCL opened at $189.25 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a one year low of $99.26 and a one year high of $190.16. The firm has a market capitalization of $524.42 billion, a P/E ratio of 48.78, a PEG ratio of 3.34 and a beta of 1.02. The business has a fifty day moving average of $167.47 and a 200 day moving average of $144.10.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. Oracle’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Oracle Company 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.