Oracle Co. (NYSE:ORCL) Shares Sold by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,033 shares of the enterprise software provider’s stock after selling 600 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Oracle were worth $1,614,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Executive Wealth Management LLC increased its stake in Oracle by 22.6% in the third quarter. Executive Wealth Management LLC now owns 4,970 shares of the enterprise software provider’s stock valued at $296,000 after purchasing an additional 916 shares during the period. LSV Asset Management increased its stake in Oracle by 6.7% in the third quarter. LSV Asset Management now owns 12,273,520 shares of the enterprise software provider’s stock valued at $732,729,000 after purchasing an additional 774,696 shares during the period. St. Johns Investment Management Company LLC increased its stake in Oracle by 7.7% in the third quarter. St. Johns Investment Management Company LLC now owns 15,925 shares of the enterprise software provider’s stock valued at $951,000 after purchasing an additional 1,141 shares during the period. Ritholtz Wealth Management increased its stake in Oracle by 11.9% in the third quarter. Ritholtz Wealth Management now owns 29,052 shares of the enterprise software provider’s stock valued at $1,734,000 after purchasing an additional 3,101 shares during the period. Finally, Optas LLC increased its stake in Oracle by 38.3% in the third quarter. Optas LLC now owns 10,306 shares of the enterprise software provider’s stock valued at $616,000 after purchasing an additional 2,853 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

ORCL stock traded down $2.48 during trading on Monday, reaching $57.42. 903,582 shares of the company were exchanged, compared to its average volume of 13,358,596. The company has a market cap of $180.35 billion, a P/E ratio of 18.18, a PEG ratio of 1.76 and a beta of 0.79. Oracle Co. has a 52-week low of $39.71 and a 52-week high of $62.60. The stock’s 50 day moving average price is $59.25 and its 200 day moving average price is $55.56. The company has a debt-to-equity ratio of 6.68, a quick ratio of 2.66 and a current ratio of 2.66.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 10th. The enterprise software provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Oracle had a net margin of 26.13% and a return on equity of 85.71%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 3.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, October 7th. Oracle’s dividend payout ratio (DPR) is presently 27.75%.

A number of research analysts have commented on the stock. Credit Suisse Group lifted their price objective on shares of Oracle from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, September 11th. Morgan Stanley lifted their price objective on shares of Oracle from $58.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, September 11th. Bank of America lifted their price objective on shares of Oracle from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Oppenheimer reiterated a “hold” rating on shares of Oracle in a research note on Friday, September 11th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $61.00 price target on shares of Oracle in a research note on Friday, September 11th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $60.68.

In other Oracle news, CAO W Corey West sold 5,359 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $61.20, for a total value of $327,970.80. Following the sale, the chief accounting officer now owns 115,006 shares of the company’s stock, valued at $7,038,367.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 112,500 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $60.95, for a total transaction of $6,856,875.00. Following the completion of the sale, the executive vice president now directly owns 112,500 shares in the company, valued at approximately $6,856,875. The disclosure for this sale can be found here. Insiders sold 129,673 shares of company stock worth $7,906,167 in the last ninety days. Insiders own 39.10% of the company’s stock.

Oracle Company Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

Further Reading: What is the Ex-Dividend Date in Investing?

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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