537 Shares in Oracle Co. (NYSE:ORCL) Purchased by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 537 shares of the enterprise software provider’s stock, valued at approximately $57,000.

Other large investors have also added to or reduced their stakes in the company. Sandy Spring Bank increased its stake in shares of Oracle by 1.4% in the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after purchasing an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI increased its stake in shares of Oracle by 3.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares in the last quarter. Quantum Private Wealth LLC purchased a new position in shares of Oracle in the third quarter worth about $229,000. Cooper Financial Group increased its stake in shares of Oracle by 43.4% in the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new position in shares of Oracle in the fourth quarter worth about $171,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several recent analyst reports. KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. BMO Capital Markets boosted their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Trading Up 2.2 %

NYSE:ORCL traded up $2.54 during midday trading on Monday, reaching $118.34. 5,301,334 shares of the stock traded hands, compared to its average volume of 8,261,409. The company has a fifty day moving average of $120.06 and a 200 day moving average of $113.46. Oracle Co. has a 12 month low of $96.10 and a 12 month high of $132.77. 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 stock has a market capitalization of $325.26 billion, a P/E ratio of 31.22, a PEG ratio of 2.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the business posted $0.96 EPS. The firm’s revenue 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 year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly 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 SEC, which can be accessed through the SEC website. In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly 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 SEC, which can be accessed through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders sold 835,000 shares of company stock worth $105,189,850 in the last three months. 42.80% of the stock is owned by insiders.

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.