Oracle Co. (NYSE:ORCL) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its holdings in Oracle Co. (NYSE:ORCL) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 136,905 shares of the enterprise software provider’s stock after buying an additional 512 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Oracle were worth $19,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Octavia Wealth Advisors LLC grew its stake in shares of Oracle by 3.7% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 5,869 shares of the enterprise software provider’s stock worth $829,000 after purchasing an additional 211 shares during the period. Northstar Advisory Group LLC lifted its position in shares of Oracle by 6.3% during the 2nd quarter. Northstar Advisory Group LLC now owns 17,452 shares of the enterprise software provider’s stock valued at $2,464,000 after buying an additional 1,034 shares in the last quarter. Privium Fund Management UK Ltd purchased a new position in Oracle in the 2nd quarter valued at $2,135,000. Naviter Wealth LLC lifted its holdings in Oracle by 20.4% in the 2nd quarter. Naviter Wealth LLC now owns 7,317 shares of the enterprise software provider’s stock valued at $1,033,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Little House Capital LLC lifted its holdings in Oracle by 7.7% in the 2nd quarter. Little House Capital LLC now owns 36,222 shares of the enterprise software provider’s stock valued at $5,114,000 after purchasing an additional 2,597 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $139.49 on Wednesday. The company has a market cap of $384.41 billion, a P/E ratio of 37.60, a P/E/G ratio of 2.55 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a 50-day moving average of $138.61 and a two-hundred day moving average of $127.93. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion during 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 previous year, the business posted $1.35 EPS. As a group, analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

Insider Activity

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ORCL. KeyCorp raised their price objective on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Argus raised their target price on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Bank of America raised their target price on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. BMO Capital Markets raised their target price on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday, June 17th. Finally, JPMorgan Chase & Co. raised their target price on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

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.