Teachers Insurance & Annuity Association of America Takes $65,000 Position in Oracle Co. (NYSE:ORCL)

Teachers Insurance & Annuity Association of America purchased a new stake in Oracle Co. (NYSE:ORCL) during the third quarter, according to its most recent filing with the SEC. The firm purchased 380 shares of the enterprise software provider’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle during the 1st quarter worth about $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter worth about $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of ORCL stock traded down $7.67 during trading hours on Thursday, reaching $182.70. The company had a trading volume of 8,368,797 shares, compared to its average volume of 8,262,293. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. The company has a market capitalization of $506.27 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 3.46 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a fifty day moving average of $176.80 and a 200-day moving average of $150.89.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the company earned $0.95 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s payout ratio is 41.24%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several analyst reports. Bank of America boosted their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Evercore ISI boosted their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. DA Davidson boosted their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

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.