Teacher Retirement System of Texas Reduces Stake in Oracle Corporation (NYSE:ORCL)

Teacher Retirement System of Texas trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 376,106 shares of the enterprise software provider's stock after selling 121,806 shares during the period. Teacher Retirement System of Texas' holdings in Oracle were worth $52,583,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORCL. Norges Bank purchased a new stake in Oracle during the 4th quarter valued at $2,216,314,000. Raymond James Financial Inc. purchased a new stake in Oracle during the 4th quarter valued at $930,095,000. GAMMA Investing LLC boosted its stake in Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated 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 of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated 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 sale, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 440,366 shares of company stock valued at $83,103,603. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

NYSE:ORCL traded up $7.41 on Friday, reaching $237.39. 18,441,376 shares of the company's stock traded hands, compared to its average volume of 10,159,668. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a 50-day simple moving average of $178.14 and a 200-day simple moving average of $164.26. The firm has a market cap of $666.79 billion, a PE ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $237.99.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly 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. The business 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%. The business'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. Equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 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 0.84%. Oracle's dividend payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Barclays restated an "overweight" rating and issued a $221.00 price target (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Piper Sandler restated a "neutral" rating and issued a $130.00 price target on shares of Oracle in a research note on Wednesday, June 11th. Finally, Royal Bank Of Canada raised their price target on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $204.15.

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.