Oracle Co. (NYSE:ORCL) Shares Purchased by Meridian Wealth Management LLC

Meridian Wealth Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 36.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,282 shares of the enterprise software provider’s stock after purchasing an additional 9,727 shares during the quarter. Meridian Wealth Management LLC’s holdings in Oracle were worth $6,182,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Activest Wealth Management lifted its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares in the last quarter. Eagle Rock Investment Company LLC increased its position in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares during the last quarter. W Advisors LLC grew its position in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the last quarter. Finally, Oak Ridge Investments LLC grew its position in shares of Oracle by 3.9% in the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after buying an additional 65 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 0.2 %

ORCL opened at $192.78 on Friday. The stock has a market capitalization of $534.20 billion, a PE ratio of 49.69, a P/E/G ratio of 3.48 and a beta of 1.02. The firm’s fifty day moving average price is $175.02 and its 200 day moving average price is $148.68. 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 12-month low of $99.26 and a 12-month high of $196.04.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Bank of America raised their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein raised their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup raised their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $169.52.

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.