Oracle Corporation (NYSE:ORCL) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,364,177 shares of the enterprise software provider's stock after selling 49,680 shares during the quarter. New York State Teachers Retirement System's holdings in Oracle were worth $190,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rockland Trust Co. increased its stake in Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after acquiring an additional 467 shares during the last quarter. Cornerstone Advisory LLC grew its holdings in shares of Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after purchasing an additional 3,299 shares during the period. Peak Retirement Planning Inc. acquired a new stake in Oracle during the 4th quarter worth approximately $211,000. Secure Asset Management LLC raised its holdings in Oracle by 21.8% in the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock valued at $1,850,000 after buying an additional 2,365 shares during the period. Finally, City National Bank of Florida MSD purchased a new position in Oracle in the fourth quarter valued at approximately $274,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by company insiders.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $8.74 on Monday, reaching $218.98. 31,823,670 shares of the company's stock were exchanged, compared to its average volume of 9,973,643. The business's 50-day moving average is $168.42 and its two-hundred day moving average is $162.15. 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 $227.61. The firm has a market capitalization of $615.08 billion, a price-to-earnings ratio of 50.46, a PEG ratio of 3.15 and a beta of 1.32.

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

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Oracle's dividend payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $250.00 in a report on Monday. JMP Securities set a $240.00 price objective on Oracle and gave the company a "market outperform" rating in a research report on Thursday, June 12th. Evercore ISI restated a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $130.00 target price on shares of Oracle in a research note on Wednesday, June 11th. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.26.

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.