Meridian Wealth Partners LLC Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Meridian Wealth Partners LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,477 shares of the enterprise software provider’s stock after selling 181 shares during the quarter. Meridian Wealth Partners LLC’s holdings in Oracle were worth $261,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Sandy Spring Bank increased its position in shares of Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after purchasing an additional 1,107 shares during the last quarter. LVM Capital Management Ltd. MI lifted its holdings in shares of Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after acquiring an additional 200 shares during the last quarter. Quantum Private Wealth LLC purchased a new position in shares of Oracle during the 3rd quarter worth about $229,000. Cooper Financial Group grew its holdings in Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new position in Oracle during the 4th quarter valued at about $171,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 2.0 %

Shares of Oracle stock traded up $2.32 on Friday, reaching $117.21. The stock had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The company has a 50 day moving average price of $119.42 and a 200 day moving average price of $113.13. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market capitalization of $322.15 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s payout ratio is 42.22%.

Analyst Ratings Changes

Several brokerages have issued reports on ORCL. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 42.80% of the company’s stock.

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.