Oracle Corporation (NYSE:ORCL) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its position in Oracle Corporation (NYSE:ORCL - Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Greenwood Gearhart Inc. boosted its holdings in Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares in the last quarter. WorthPointe LLC boosted its holdings in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after purchasing an additional 67 shares in the last quarter. Stage Harbor Financial LLC boosted its holdings in Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares in the last quarter. J. L. Bainbridge & Co. Inc. boosted its holdings in Oracle by 5.5% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after purchasing an additional 70 shares in the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in Oracle by 0.6% in the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after purchasing an additional 70 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

ORCL stock traded down $0.73 on Thursday, reaching $235.08. The company had a trading volume of 11,470,190 shares, compared to its average volume of 10,239,208. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.44. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company's fifty day moving average is $185.56 and its 200 day moving average is $166.09. The company has a market cap of $660.30 billion, a P/E ratio of 54.17, a PEG ratio of 3.53 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.85%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of analyst reports. Mizuho lowered their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and lifted their price objective for the company from $180.00 to $250.00 in a report on Monday, June 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Cowen reissued a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $190.00 to $270.00 in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.33.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was 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 directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 450,366 shares of company stock worth $85,433,503 in the last three months. 42.20% of the stock is currently owned by insiders.

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.