New Mexico Educational Retirement Board Has $10.50 Million Stake in Oracle Corporation (NYSE:ORCL)

New Mexico Educational Retirement Board lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,090 shares of the enterprise software provider's stock after selling 1,100 shares during the quarter. New Mexico Educational Retirement Board's holdings in Oracle were worth $10,498,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Oracle by 8.5% during the fourth quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock valued at $4,475,000 after purchasing an additional 2,101 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Oracle in the fourth quarter valued at about $1,500,000. Finally, Moran Wealth Management LLC increased its position in Oracle by 11.8% in the 4th quarter. Moran Wealth Management LLC now owns 12,351 shares of the enterprise software provider's stock worth $2,058,000 after purchasing an additional 1,304 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Oracle stock traded down $4.55 during trading hours on Friday, hitting $230.45. The stock had a trading volume of 10,172,356 shares, compared to its average volume of 10,239,035. The company has a 50-day moving average of $185.56 and a two-hundred day moving average of $166.09. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.44. The company has a market cap of $647.29 billion, a PE ratio of 53.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the company posted $1.63 earnings per share. Oracle's revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Oracle's payout ratio is currently 46.08%.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 445,366 shares of company stock valued at $84,784,653 over the last 90 days. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ORCL shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Jefferies Financial Group boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, KeyCorp raised their target price on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $209.33.

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.