Oracle Co. (NYSE:ORCL) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its stake in Oracle Co. (NYSE:ORCL) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 425,724 shares of the enterprise software provider’s stock after selling 26,815 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Oracle were worth $60,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC acquired a new stake in shares of Oracle in the first quarter valued at $25,000. Fairway Wealth LLC acquired a new position in Oracle in the 2nd quarter valued at about $27,000. Tidemark LLC purchased a new stake in Oracle during the fourth quarter worth about $29,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle during the fourth quarter worth about $30,000. Finally, POM Investment Strategies LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $167.47 on Wednesday. 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 company has a market capitalization of $464.05 billion, a P/E ratio of 45.14, a PEG ratio of 2.95 and a beta of 1.01. The business has a 50 day simple moving average of $140.89 and a 200-day simple moving average of $130.95. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5.06 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders 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 dividend on an annualized basis and a yield of 0.96%. Oracle’s payout ratio is 43.13%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research reports. Guggenheim increased their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Jefferies Financial Group increased their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday. Piper Sandler boosted their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets boosted their price objective on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.88.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,868,820 shares of company stock worth $267,819,424. 42.80% of the stock is currently owned by insiders.

Oracle Company 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.