State of Alaska Department of Revenue Raises Holdings in Oracle Co. (NYSE:ORCL)

State of Alaska Department of Revenue lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,958 shares of the enterprise software provider’s stock after purchasing an additional 1,385 shares during the quarter. State of Alaska Department of Revenue’s holdings in Oracle were worth $21,725,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. raised its position in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares during the period. Capital World Investors grew its holdings in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. Parnassus Investments LLC increased its position in Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares in the last quarter. Putnam Investments LLC lifted its position in Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after buying an additional 697,961 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Oracle by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after acquiring an additional 204,546 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Evercore ISI upped their price target on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. boosted their price target on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Finally, Oppenheimer started coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Activity

In other news, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE ORCL traded up $0.87 during midday trading on Wednesday, reaching $144.15. The company’s stock had a trading volume of 3,560,778 shares, compared to its average volume of 8,643,792. The company has a market cap of $397.26 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The company has a 50 day moving average price of $126.37 and a 200 day moving average price of $118.77. Oracle Co. has a one year low of $99.26 and a one year high of $145.32.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, equities research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

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.