Employees Retirement System of Texas lessened its holdings in Oracle Co. (NYSE:ORCL) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 585,235 shares of the enterprise software provider’s stock after selling 49,600 shares during the period. Employees Retirement System of Texas’ holdings in Oracle were worth $26,423,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fiera Capital Corp increased its position in shares of Oracle by 0.9% in the fourth quarter. Fiera Capital Corp now owns 9,674,820 shares of the enterprise software provider’s stock worth $436,818,000 after acquiring an additional 83,675 shares in the last quarter. Polen Capital Management LLC boosted its stake in Oracle by 2.4% during the 4th quarter. Polen Capital Management LLC now owns 12,969,357 shares of the enterprise software provider’s stock valued at $585,566,000 after acquiring an additional 303,113 shares during the last quarter. Northern Trust Corp boosted its stake in Oracle by 0.6% during the 4th quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock valued at $1,821,360,000 after acquiring an additional 238,058 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Oracle during the 4th quarter valued at $1,478,000. Finally, Matthew Goff Investment Advisor LLC boosted its stake in Oracle by 2.0% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 128,503 shares of the enterprise software provider’s stock valued at $5,802,000 after acquiring an additional 2,462 shares during the last quarter. 47.39% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on ORCL shares. DZ Bank restated a “sell” rating on shares of Oracle in a research report on Tuesday, March 19th. Nomura reiterated a “reduce” rating and issued a $42.00 price objective (down from $53.00) on shares of Oracle in a research report on Monday, March 11th. Royal Bank of Canada lifted their price objective on shares of Oracle to $57.00 and gave the company a “sector perform” rating in a research report on Friday, March 15th. Raymond James boosted their price target on shares of Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, UBS Group boosted their target price on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the stock. Oracle currently has a consensus rating of “Hold” and an average target price of $52.53.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. Equities research analysts forecast that Oracle Co. will post 3.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be paid a $0.24 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. Oracle’s dividend payout ratio is currently 34.04%.
In other news, insider Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $54.03, for a total value of $21,612,000.00. Following the transaction, the insider now owns 400,000 shares of the company’s stock, valued at approximately $21,612,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark V. Hurd sold 1,200,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,664,227 shares in the company, valued at approximately $89,585,339.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,773,750 shares of company stock valued at $95,395,063. Corporate insiders own 32.00% of the company’s stock.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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