Teacher Retirement System of Texas Lowers Position in Oracle Co. (NYSE:ORCL)

Teacher Retirement System of Texas cut its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 801,495 shares of the enterprise software provider’s stock after selling 18,271 shares during the period. Teacher Retirement System of Texas’ holdings in Oracle were worth $66,308,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Rational Advisors LLC grew its holdings in shares of Oracle by 1.1% in the fourth quarter. Rational Advisors LLC now owns 11,083 shares of the enterprise software provider’s stock valued at $967,000 after acquiring an additional 126 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in Oracle by 1.4% during the fourth quarter. Regal Investment Advisors LLC now owns 8,964 shares of the enterprise software provider’s stock valued at $782,000 after purchasing an additional 126 shares during the period. Ferguson Wellman Capital Management Inc. grew its holdings in Oracle by 2.6% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 5,041 shares of the enterprise software provider’s stock valued at $417,000 after purchasing an additional 126 shares during the period. Smith Moore & CO. grew its holdings in Oracle by 1.0% during the fourth quarter. Smith Moore & CO. now owns 13,075 shares of the enterprise software provider’s stock valued at $1,140,000 after purchasing an additional 135 shares during the period. Finally, Dividend Assets Capital LLC grew its holdings in Oracle by 14.0% during the first quarter. Dividend Assets Capital LLC now owns 1,125 shares of the enterprise software provider’s stock valued at $93,000 after purchasing an additional 138 shares during the period. 42.33% of the stock is owned by institutional investors.

Oracle Stock Down 0.1 %

NYSE ORCL opened at $77.35 on Friday. The stock’s 50-day simple moving average is $71.70 and its two-hundred day simple moving average is $75.58. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34. The company has a market capitalization of $206.13 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 2.19 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last released its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The business had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter last year, the business posted $1.40 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 4.43 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. Oracle’s dividend payout ratio (DPR) is currently 53.33%.

Analyst Ratings Changes

ORCL has been the subject of several research reports. Jefferies Financial Group increased their price objective on Oracle from $75.00 to $80.00 in a report on Tuesday, June 14th. BMO Capital Markets dropped their target price on Oracle from $92.00 to $86.00 in a research report on Tuesday, June 14th. Barclays set a $82.00 target price on Oracle in a research report on Tuesday, June 14th. UBS Group set a $75.00 target price on Oracle in a research report on Tuesday, June 14th. Finally, Daiwa Capital Markets dropped their target price on Oracle from $87.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $88.95.

Insider Activity

In other news, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $76,153,743.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $76,153,743.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Screven sold 419,174 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now directly owns 2,492,613 shares in the company, valued at $172,538,671.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,399,174 shares of company stock valued at $232,369,224. 39.10% of the stock is currently owned by insiders.

Oracle Profile

(Get Rating)

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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

Featured Articles

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.