Meeder Advisory Services Inc. Acquires 3,184 Shares of Oracle Corporation $ORCL

Meeder Advisory Services Inc. lifted its stake in Oracle Corporation (NYSE:ORCLFree Report) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,946 shares of the enterprise software provider’s stock after purchasing an additional 3,184 shares during the period. Meeder Advisory Services Inc.’s holdings in Oracle were worth $11,516,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Winnow Wealth LLC purchased a new position in Oracle during the 2nd quarter valued at about $28,000. Kilter Group LLC purchased a new position in Oracle during the second quarter valued at approximately $30,000. Darwin Wealth Management LLC raised its stake in Oracle by 130.0% in the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after buying an additional 65 shares in the last quarter. LGT Financial Advisors LLC bought a new stake in Oracle during the 2nd quarter valued at $33,000. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Oracle in the 2nd quarter valued at $34,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Redburn Partners set a $175.00 price objective on Oracle in a research report on Thursday, September 25th. Berenberg Bank lifted their price objective on shares of Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a research report on Monday, September 15th. Baird R W upgraded shares of Oracle to a “strong-buy” rating in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 23rd. Finally, Rothschild Redb upgraded Oracle to a “strong sell” rating in a research note on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $305.50.

View Our Latest Stock Analysis on Oracle

Insider Activity

In related news, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the sale, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. This represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at approximately $13,212,431.46. This represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 126,588 shares of company stock worth $33,155,596. 40.90% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Oracle

Here are the key news stories impacting Oracle this week:

Oracle Price Performance

NYSE:ORCL opened at $198.75 on Monday. The firm’s fifty day moving average is $208.40 and its two-hundred day moving average is $242.31. The firm has a market cap of $571.03 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 1.76 and a beta of 1.65. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. Oracle’s dividend payout ratio (DPR) is presently 37.59%.

Oracle Company Profile

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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