New York State Teachers Retirement System Reduces Stake in Oracle Co. (ORCL)

New York State Teachers Retirement System lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 5,491,816 shares of the enterprise software provider’s stock after selling 108,735 shares during the period. New York State Teachers Retirement System’s holdings in Oracle were worth $211,160,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC increased its stake in Oracle by 0.6% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 4,226 shares of the enterprise software provider’s stock worth $166,000 after buying an additional 25 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Oracle by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock valued at $197,000 after buying an additional 44 shares in the last quarter. Capital Asset Advisory Services LLC increased its stake in shares of Oracle by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock valued at $244,000 after buying an additional 55 shares in the last quarter. Girard Partners LTD. increased its stake in shares of Oracle by 0.6% in the third quarter. Girard Partners LTD. now owns 14,175 shares of the enterprise software provider’s stock valued at $557,000 after buying an additional 88 shares in the last quarter. Finally, Highland Private Wealth Management increased its stake in shares of Oracle by 1.2% in the fourth quarter. Highland Private Wealth Management now owns 7,385 shares of the enterprise software provider’s stock valued at $284,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 57.95% of the company’s stock.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Oracle Co. (NYSE:ORCL) opened at 45.23 on Tuesday. Oracle Co. has a 12-month low of $37.62 and a 12-month high of $46.99. The stock has a 50 day moving average price of $41.91 and a 200-day moving average price of $40.00. The company has a market cap of $185.55 billion, a price-to-earnings ratio of 21.59 and a beta of 1.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the previous year, the business earned $0.64 EPS. Oracle’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post $2.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.15. Oracle’s payout ratio is currently 28.99%.

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Several brokerages recently weighed in on ORCL. Wunderlich restated a “hold” rating and set a $46.00 price objective (up from $43.00) on shares of Oracle in a research report on Monday. Pacific Crest restated an “equal weight” rating on shares of Oracle in a research report on Monday. Vetr upgraded Oracle from a “hold” rating to a “buy” rating and set a $47.09 price objective for the company in a research report on Monday. DA Davidson set a $52.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 13th. Finally, Barclays PLC upped their price objective on Oracle from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $45.81.

In related news, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the transaction, the director now owns 52,654 shares in the company, valued at approximately $2,038,762.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 31,750 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $45.80, for a total value of $1,454,150.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,188,000 shares of company stock worth $54,809,425. 29.00% of the stock is owned by company insiders.

About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

5 Day Chart for NYSE:ORCL

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