Mercer Global Advisors Inc. ADV Has $36.93 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Mercer Global Advisors Inc. ADV raised its stake in Oracle Co. (NYSE:ORCL – Free Report) by 18.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 310,053 shares of the enterprise software provider’s stock after buying an additional 49,224 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Oracle were worth $36,925,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Horizon Bancorp Inc. IN increased its stake in shares of Oracle by 4.5% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 3,878 shares of the enterprise software provider’s stock worth $462,000 after purchasing an additional 166 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Oracle during the 2nd quarter worth $27,279,000. Resources Investment Advisors LLC. increased its stake in shares of Oracle by 34.0% during the 1st quarter. Resources Investment Advisors LLC. now owns 18,153 shares of the enterprise software provider’s stock worth $1,687,000 after purchasing an additional 4,606 shares during the last quarter. Narus Financial Partners LLC acquired a new position in shares of Oracle during the 1st quarter worth $327,000. Finally, Kistler Tiffany Companies LLC increased its stake in shares of Oracle by 64.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 11,548 shares of the enterprise software provider’s stock worth $1,375,000 after purchasing an additional 4,515 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $113.61 on Friday. The company has a 50-day moving average of $110.36 and a 200-day moving average of $113.45. The company has a market capitalization of $311.22 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 2.87 and a beta of 1.05. Oracle Co. has a 52 week low of $79.43 and a 52 week high of $127.54. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.87 and a current ratio of 0.87.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The company had revenue of $12.45 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 4.48 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.41%. The ex-dividend date was Wednesday, October 11th. Oracle’s dividend payout ratio is currently 47.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ORCL. Evercore ISI upgraded shares of Oracle from an “in-line” rating to an “outperform” rating and raised their target price for the company from $131.00 to $135.00 in a research note on Monday, October 9th. DA Davidson lowered their target price on shares of Oracle from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Piper Sandler reiterated an “overweight” rating and issued a $130.00 target price on shares of Oracle in a research note on Friday, September 22nd. Guggenheim reiterated a “buy” rating and issued a $150.00 target price on shares of Oracle in a research note on Friday, September 22nd. Finally, Mizuho reiterated a “buy” rating and issued a $150.00 target price on shares of Oracle in a research note on Tuesday, September 19th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $124.23.

Check Out Our Latest Research Report on ORCL

Insider Activity at Oracle

In related news, Director George H. Conrades sold 2,325 shares of Oracle stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $111.97, for a total transaction of $260,330.25. Following the completion of the transaction, the director now directly owns 20,161 shares of the company’s stock, valued at approximately $2,257,427.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by insiders.

Oracle Profile

(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.

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