Teachers Retirement System of The State of Kentucky Boosts Stake in Oracle Corporation (NYSE:ORCL)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 360,759 shares of the enterprise software provider's stock after acquiring an additional 5,891 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Oracle were worth $50,437,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $33,000. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter worth approximately $28,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Trading Down 2.6%

Shares of NYSE ORCL traded down $6.44 during trading hours on Tuesday, hitting $237.10. The company's stock had a trading volume of 8,061,308 shares, compared to its average volume of 10,350,868. 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 stock has a market cap of $665.97 billion, a price-to-earnings ratio of 54.61, a P/E/G ratio of 3.66 and a beta of 1.39. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The business has a 50-day simple moving average of $196.21 and a 200-day simple moving average of $168.97.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for 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 quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors 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 dividend on an annualized basis and a yield of 0.84%. Oracle's payout ratio is currently 46.08%.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent research reports. TD Cowen boosted their price objective on Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, KeyCorp increased their target price on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Nine investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

Insider Buying and Selling

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were 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 directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 over the last 90 days. 42.20% of the stock is currently owned by company 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.