Meeder Advisory Services Inc. Acquires 1,695 Shares of Oracle Co. (NYSE:ORCL)

Meeder Advisory Services Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,097 shares of the enterprise software provider’s stock after buying an additional 1,695 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Oracle were worth $6,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle during the first quarter worth about $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the second quarter worth about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Trading Up 0.6 %

NYSE:ORCL opened at $184.88 on Monday. The company has a 50-day moving average price of $172.14 and a 200-day moving average price of $147.06. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $512.31 billion, a price-to-earnings ratio of 47.36, a P/E/G ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s dividend payout ratio is presently 41.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Morgan Stanley raised their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. BMO Capital Markets lifted their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Bank of America lifted their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

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.