Oracle Corporation $ORCL Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its stake in shares of Oracle Corporation (NYSE:ORCLFree Report) by 8.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 40,946 shares of the enterprise software provider’s stock after acquiring an additional 3,184 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Oracle were worth $11,516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Oracle in the second quarter valued at approximately $4,275,378,000. Vanguard Group Inc. grew its holdings in shares of Oracle by 2.1% during the second quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock worth $35,916,290,000 after buying an additional 3,353,461 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Oracle in the second quarter worth about $731,512,000. Invesco Ltd. grew its stake in Oracle by 42.1% during the 2nd quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock valued at $1,932,507,000 after acquiring an additional 2,619,722 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Oracle by 840.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock valued at $463,380,000 after acquiring an additional 1,894,157 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the transaction, the director owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This trade represents a 24.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Hura sold 15,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $196.89, for a total value of $2,953,350.00. Following the sale, the insider directly owned 234,077 shares in the company, valued at $46,087,420.53. This represents a 6.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 126,588 shares of company stock worth $33,155,596 over the last 90 days. 40.90% of the stock is currently owned by corporate insiders.

More Oracle News

Here are the key news stories impacting Oracle this week:

Oracle Stock Up 4.8%

NYSE:ORCL opened at $198.75 on Monday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The stock’s fifty day moving average is $208.40 and its two-hundred day moving average is $242.31. The stock has a market capitalization of $571.03 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 1.76 and a beta of 1.65. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28.

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

Oracle Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $342.00 target price on shares of Oracle in a report on Friday, October 17th. Stifel Nicolaus cut their target price on Oracle from $350.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Scotiabank lowered their price target on shares of Oracle from $360.00 to $260.00 and set a “sector outperform” rating on the stock in a research report on Thursday, December 11th. Sanford C. Bernstein cut their price objective on shares of Oracle from $364.00 to $339.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Finally, Piper Sandler dropped their price target on shares of Oracle from $380.00 to $290.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $305.50.

Get Our Latest Analysis on Oracle

About Oracle

(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

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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