Oracle Co. (NYSE:ORCL) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,199 shares of the enterprise software provider’s stock after selling 65,398 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Oracle were worth $37,305,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Liberty Wealth Management LLC increased its holdings in shares of Oracle by 31.4% in the second quarter. Liberty Wealth Management LLC now owns 30,184 shares of the enterprise software provider’s stock valued at $4,262,000 after purchasing an additional 7,218 shares during the last quarter. Choreo LLC boosted its position in shares of Oracle by 194.9% during the 2nd quarter. Choreo LLC now owns 85,472 shares of the enterprise software provider’s stock valued at $12,223,000 after acquiring an additional 56,485 shares during the last quarter. Prudential PLC grew its holdings in shares of Oracle by 9.8% in the second quarter. Prudential PLC now owns 168,388 shares of the enterprise software provider’s stock valued at $23,776,000 after purchasing an additional 15,024 shares during the period. PFG Investments LLC increased its position in Oracle by 2.0% during the second quarter. PFG Investments LLC now owns 37,698 shares of the enterprise software provider’s stock worth $5,323,000 after purchasing an additional 751 shares during the last quarter. Finally, Fox Hill Wealth Management raised its stake in Oracle by 0.7% during the second quarter. Fox Hill Wealth Management now owns 12,414 shares of the enterprise software provider’s stock worth $1,753,000 after purchasing an additional 84 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL traded up $0.26 during mid-day trading on Monday, hitting $142.07. The company’s stock had a trading volume of 1,587,915 shares, compared to its average volume of 8,019,324. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a 50-day simple moving average of $138.72 and a 200 day simple moving average of $128.62. The firm has a market capitalization of $391.53 billion, a P/E ratio of 38.22, a P/E/G ratio of 2.56 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59.

Oracle (NYSE:ORCL) last issued 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 firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. 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 firm posted $1.35 earnings per share. Analysts predict that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock valued at $266,776,624 over the last three months. 42.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Evercore ISI increased their price target on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Mizuho boosted their price target on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Bank of America increased their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Sanford C. Bernstein lifted their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, KeyCorp upped their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Oracle 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.