Oracle Corporation (NYSE:ORCL) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in Oracle Corporation (NYSE:ORCL - Free Report) by 62.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,500 shares of the enterprise software provider's stock after selling 77,772 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Oracle were worth $6,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in Oracle in the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new position in shares of Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle during the 4th quarter worth $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ORCL shares. Barclays reissued an "overweight" rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. JMP Securities set a $240.00 target price on shares of Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Evercore ISI reiterated a "buy" rating on shares of Oracle in a research report on Wednesday. Bank of America increased their target price on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Finally, Stephens assumed coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $196.74.

Insider Buying and Selling

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider now directly owns 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 442,366 shares of company stock valued at $83,395,223. Insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of ORCL stock traded down $5.82 during trading hours on Friday, hitting $205.06. The company's stock had a trading volume of 20,826,667 shares, compared to its average volume of 9,840,571. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60. The stock has a market cap of $575.96 billion, a price-to-earnings ratio of 47.25, a P/E/G ratio of 3.08 and a beta of 1.32. The business has a fifty day moving average of $160.39 and a 200-day moving average of $161.16.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. Oracle's payout ratio is currently 46.08%.

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.