Meritas Wealth Management LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,704 shares of the enterprise software provider’s stock after selling 100 shares during the period. Oracle makes up approximately 0.8% of Meritas Wealth Management LLC’s holdings, making the stock its 19th largest holding. Meritas Wealth Management LLC’s holdings in Oracle were worth $1,284,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC raised its position in Oracle by 97.7% during the second quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock worth $7,912,000 after acquiring an additional 27,685 shares during the period. Pacer Advisors Inc. increased its stake in shares of Oracle by 36.0% during the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock worth $20,856,000 after purchasing an additional 39,107 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Oracle by 6.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock worth $13,527,000 after purchasing an additional 6,215 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Oracle by 30.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 15,296 shares of the enterprise software provider’s stock valued at $2,160,000 after buying an additional 3,554 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Oracle by 1.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,325,265 shares of the enterprise software provider’s stock worth $469,527,000 after buying an additional 53,809 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.
Oracle Price Performance
ORCL stock opened at $161.05 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The business has a 50 day simple moving average of $175.44 and a 200-day simple moving average of $161.46. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.
Analyst Ratings Changes
ORCL has been the topic of several research reports. Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein raised their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Cantor Fitzgerald began coverage on Oracle in a research note on Friday. They issued an “overweight” rating and a $214.00 price target on the stock. Guggenheim lifted their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, KeyCorp lifted their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.
View Our Latest Analysis on ORCL
About Oracle
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.
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