Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 2,077 Shares of Oracle Co. (NYSE:ORCL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Oracle Co. (NYSE:ORCL) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 350,012 shares of the enterprise software provider’s stock after buying an additional 2,077 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Oracle were worth $43,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ORCL. Hudson Bay Capital Management LP bought a new stake in shares of Oracle in the third quarter worth $1,059,000. Raleigh Capital Management Inc. lifted its position in shares of Oracle by 7.8% in the third quarter. Raleigh Capital Management Inc. now owns 2,400 shares of the enterprise software provider’s stock worth $254,000 after purchasing an additional 173 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Oracle by 7.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 7,278 shares of the enterprise software provider’s stock worth $767,000 after buying an additional 505 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in Oracle by 27.2% during the fourth quarter. Pure Financial Advisors LLC now owns 10,128 shares of the enterprise software provider’s stock worth $1,068,000 after buying an additional 2,167 shares during the last quarter. Finally, Ignite Planners LLC increased its holdings in Oracle by 21.3% during the fourth quarter. Ignite Planners LLC now owns 2,985 shares of the enterprise software provider’s stock worth $311,000 after buying an additional 525 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.3 %

NYSE:ORCL traded down $0.46 on Tuesday, reaching $142.61. 5,990,702 shares of the stock traded hands, compared to its average volume of 8,590,954. The firm has a market capitalization of $393.01 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 2.62 and a beta of 1.02. The company’s 50 day moving average is $131.87 and its 200-day moving average is $121.42. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59.

Oracle (NYSE:ORCL) last released its 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 firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 EPS. Equities research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders 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 dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 812,500 shares of company stock valued at $113,578,574 in the last quarter. 42.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Sanford C. Bernstein upped their price objective on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Bank of America upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Citigroup decreased their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. 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 report on Monday, June 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

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.