Oracle Co. (NYSE:ORCL) Shares Sold by Meritas Wealth Management LLC

Meritas Wealth Management LLC trimmed its position in shares of Oracle Co. ( NYSE:ORCL – Free Report ) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).

The institutional investor owned 7,804 shares of the enterprise software provider’s stock after selling 286 shares during the quarter. Oracle makes up about 0.8% of Meritas Wealth Management LLC’s portfolio, making the stock its 20th biggest holding.



Meritas Wealth Management LLC’s holdings in Oracle were worth $1,330,000 at the end of the most recent reporting period. Other large investors have also recently made changes to their positions in the company. Contour Asset Management LLC grew its holdings in Oracle by 41.

5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the period. Hancock Whitney Corp grew its stake in Oracle by 12.

7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after acquiring an additional 3,291 shares during the period. Itau Unibanco Holding S.

A. increased its holdings in Oracle by 15.3% in the 2nd quarter.

Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares in the last quarter.

Goelzer Investment Management Inc. raised its position in Oracle by 25.0% during the first quarter.

Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 1,500 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Oracle by 55.

7% during the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after purchasing an additional 7,982 shares in the last quarter. 42.

44% of the stock is currently owned by institutional investors and hedge funds. Oracle Stock Performance Shares of Oracle stock opened at $166.92 on Friday.

The business has a 50-day simple moving average of $147.21 and a 200-day simple moving average of $134.86.

The company has a market cap of $462.55 billion, a PE ratio of 44.99, a P/E/G ratio of 3.

10 and a beta of 1.01. Oracle Co.

has a one year low of $99.26 and a one year high of $173.99.

The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.

72. Oracle Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.

40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.

60 annualized dividend and a dividend yield of 0.96%. Oracle’s dividend payout ratio is currently 43.

13%. Insider Activity In related news, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.

91, for a total transaction of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.

24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . In related news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th.

The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51.

Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .

Also, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The disclosure for this sale can be found here .

In the last 90 days, insiders have sold 1,573,181 shares of company stock worth $225,338,245. 42.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets A number of brokerages have recently issued reports on ORCL. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Mizuho lifted their target price on shares of Oracle from $170.

00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Morgan Stanley raised their price target on shares of Oracle from $125.

00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. TD Cowen upped their price objective on shares of Oracle from $165.

00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co.

raised their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th.

Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $167.42.

Check Out Our Latest Report on ORCL About Oracle ( Free Report ) 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. Featured Articles Five stocks we like better than Oracle Best Stocks Under $5.

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