Meridian Wealth Advisors LLC Has $294,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Meridian Wealth Advisors LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,785 shares of the enterprise software provider’s stock after selling 575 shares during the period. Meridian Wealth Advisors LLC’s holdings in Oracle were worth $294,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. BluePath Capital Management LLC acquired a new stake in Oracle in the 3rd quarter valued at about $45,000. FORVIS Wealth Advisors LLC lifted its position in Oracle by 14.0% during the third quarter. FORVIS Wealth Advisors LLC now owns 29,541 shares of the enterprise software provider’s stock worth $3,129,000 after acquiring an additional 3,634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Oracle by 18.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 644,762 shares of the enterprise software provider’s stock worth $68,293,000 after acquiring an additional 102,182 shares during the last quarter. Rowlandmiller & PARTNERS.ADV lifted its position in Oracle by 79.1% during the third quarter. Rowlandmiller & PARTNERS.ADV now owns 4,115 shares of the enterprise software provider’s stock worth $436,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Kanawha Capital Management LLC lifted its position in Oracle by 1.6% during the third quarter. Kanawha Capital Management LLC now owns 204,401 shares of the enterprise software provider’s stock worth $21,650,000 after acquiring an additional 3,313 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 0.1 %

Shares of NYSE:ORCL traded down $0.14 during mid-day trading on Thursday, reaching $117.25. 346,697 shares of the company’s stock were exchanged, compared to its average volume of 8,118,415. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $322.26 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.32 and a beta of 1.03. Oracle Co. has a twelve month low of $96.26 and a twelve month high of $132.77. The business’s fifty day moving average price is $120.19 and its 200-day moving average price is $113.57.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ORCL. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group raised their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 in the last quarter. 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.