Teacher Retirement System of Texas lifted its holdings in Oracle Co. (NYSE:ORCL) by 20.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 843,981 shares of the enterprise software provider’s stock after purchasing an additional 144,451 shares during the quarter. Teacher Retirement System of Texas’ holdings in Oracle were worth $48,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ORCL. Meridian Financial Partners LLC increased its position in Oracle by 2.2% during the first quarter. Meridian Financial Partners LLC now owns 10,181 shares of the enterprise software provider’s stock valued at $555,000 after acquiring an additional 224 shares during the last quarter. B. Riley Wealth Management Inc. increased its position in Oracle by 9.7% during the first quarter. B. Riley Wealth Management Inc. now owns 6,537 shares of the enterprise software provider’s stock valued at $351,000 after acquiring an additional 578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Oracle by 7.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099,788 shares of the enterprise software provider’s stock valued at $59,070,000 after acquiring an additional 77,283 shares during the last quarter. Boenning & Scattergood Inc. increased its position in Oracle by 119.3% in the first quarter. Boenning & Scattergood Inc. now owns 14,265 shares of the enterprise software provider’s stock worth $766,000 after buying an additional 7,761 shares in the last quarter. Finally, LifePlan Financial Group Inc increased its position in Oracle by 12.3% in the first quarter. LifePlan Financial Group Inc now owns 1,977 shares of the enterprise software provider’s stock worth $106,000 after buying an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 53.71% of the company’s stock.

A number of brokerages have commented on ORCL. JPMorgan Chase & Co. restated a “neutral” rating and issued a $53.00 price target on shares of Oracle in a research report on Tuesday, June 18th. William Blair restated a “market perform” rating on shares of Oracle in a research report on Thursday, June 20th. Goldman Sachs Group restated a “buy” rating and issued a $58.00 price target on shares of Oracle in a research report on Thursday, June 20th. UBS Group restated a “neutral” rating and issued a $54.00 price target on shares of Oracle in a research report on Friday, June 14th. Finally, Macquarie cut Oracle from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.14.

In other news, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $56.29, for a total value of $44,328,375.00. Following the completion of the sale, the chief executive officer now directly owns 874,871 shares of the company’s stock, valued at approximately $49,246,488.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.92, for a total value of $5,692,000.00. Following the completion of the sale, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at $10,127,149.48. The disclosure for this sale can be found here. Insiders sold a total of 1,352,500 shares of company stock valued at $76,708,925 over the last ninety days. Corporate insiders own 32.00% of the company’s stock.

Oracle stock traded up $0.40 during midday trading on Wednesday, reaching $53.38. 237,554 shares of the stock traded hands, compared to its average volume of 10,435,984. The stock’s fifty day moving average is $56.81 and its 200-day moving average is $54.29. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $60.50. The stock has a market cap of $178.77 billion, a P/E ratio of 16.91, a PEG ratio of 1.56 and a beta of 1.15. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The company had revenue of $11.14 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 3.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, July 16th. Oracle’s payout ratio is 30.38%.

Oracle Company Profile

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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