Oracle Corporation (NYSE:ORCL) Shares Sold by TIAA Trust National Association

Key Points

• TIAA Trust National Association reduced its holdings in Oracle Corporation by 26.6%, owning 240,721 shares valued at approximately $33.7 million after selling 87,248 shares.
• Oracle reported a positive earnings result with an EPS of $1.70 for the last quarter, exceeding analysts' expectations, and revenue increased by 11.3% year-over-year.
• A quarterly dividend of $0.50 per share was declared by Oracle, reflecting an annual yield of 0.8% and a payout ratio of 46.08%.

TIAA Trust National Association cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 26.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 240,721 shares of the enterprise software provider's stock after selling 87,248 shares during the period. TIAA Trust National Association's holdings in Oracle were worth $33,655,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ORCL. Brighton Jones LLC grew its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the period. Wellington Management Group LLP grew its position in Oracle by 200.4% in the 4th quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock worth $28,743,000 after purchasing an additional 115,059 shares during the last quarter. Arete Wealth Advisors LLC grew its position in Oracle by 37.8% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,135 shares of the enterprise software provider's stock worth $1,356,000 after purchasing an additional 2,232 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $12,605,000. Institutional investors own 42.44% of the company's stock.

Oracle Trading Down 3.7%

Oracle stock opened at $244.44 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. 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 firm has a market capitalization of $686.59 billion, a price-to-earnings ratio of 56.32, a P/E/G ratio of 3.79 and a beta of 1.43. The company has a 50 day moving average price of $213.55 and a 200 day moving average price of $174.74.

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, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the firm's stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 431,169 shares of company stock valued at $82,908,609 in the last 90 days. Corporate insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ORCL shares. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Bank of America increased their price target on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Westpark Capital upped their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $218.29.

Oracle Company 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.

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