New York State Teachers Retirement System Sells 61,536 Shares of Oracle Co. (NYSE:ORCL)

New York State Teachers Retirement System lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,413,857 shares of the enterprise software provider’s stock after selling 61,536 shares during the period. Oracle accounts for 0.5% of New York State Teachers Retirement System’s holdings, making the stock its 26th biggest position. New York State Teachers Retirement System owned about 0.05% of Oracle worth $235,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GFG Capital LLC grew its holdings in Oracle by 1.6% in the 4th quarter. GFG Capital LLC now owns 21,388 shares of the enterprise software provider’s stock valued at $3,564,000 after buying an additional 330 shares in the last quarter. Campbell Wealth Management acquired a new stake in shares of Oracle during the 4th quarter worth $476,000. Asset Planning Inc acquired a new stake in shares of Oracle during the 4th quarter worth $118,000. Vicus Capital grew its holdings in shares of Oracle by 64.4% during the 4th quarter. Vicus Capital now owns 3,450 shares of the enterprise software provider’s stock worth $575,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in shares of Oracle during the 4th quarter worth $1,350,000. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Guggenheim raised their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Stifel Nicolaus raised their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald started coverage on Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

ORCL opened at $174.08 on Friday. The stock has a 50-day moving average price of $169.94 and a 200-day moving average price of $165.29. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $486.89 billion, a P/E ratio of 42.56, a PEG ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.

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.