Teachers Retirement System of The State of Kentucky Lowers Holdings in Oracle Co. (NYSE:ORCL)

Teachers Retirement System of The State of Kentucky trimmed its stake in Oracle Co. (NYSE:ORCL) by 9.9% in the third quarter, Holdings Channel.com reports. The firm owned 285,309 shares of the enterprise software provider’s stock after selling 31,433 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Oracle were worth $48,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the second quarter valued at about $30,000. Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter valued at approximately $40,000. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter worth approximately $44,000. Finally, Avondale Wealth Management acquired a new position in shares of Oracle in the 3rd quarter valued at approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

ORCL opened at $177.74 on Wednesday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $198.31. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $492.53 billion, a P/E ratio of 45.81, a PEG ratio of 3.49 and a beta of 1.03. The stock has a fifty day moving average of $179.76 and a 200-day moving average of $154.67.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. Equities analysts forecast that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday. Barclays lifted their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. DA Davidson upped their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Finally, Bank of America raised their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

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.