Oregon Public Employees Retirement Fund Has $22.96 Million Position in Oracle Co. (NYSE:ORCL)

Oregon Public Employees Retirement Fund grew its holdings in Oracle Co. (NYSE:ORCL) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,774 shares of the enterprise software provider’s stock after purchasing an additional 1,019 shares during the quarter. Oracle comprises about 0.4% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 28th biggest position. Oregon Public Employees Retirement Fund’s holdings in Oracle were worth $22,959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Red Crane Wealth Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at $423,000. Impact Investors Inc acquired a new stake in Oracle in the fourth quarter worth $304,000. Advisor OS LLC increased its stake in Oracle by 20.0% in the fourth quarter. Advisor OS LLC now owns 3,678 shares of the enterprise software provider’s stock valued at $613,000 after purchasing an additional 612 shares in the last quarter. Denali Advisors LLC raised its holdings in shares of Oracle by 0.5% during the fourth quarter. Denali Advisors LLC now owns 29,112 shares of the enterprise software provider’s stock valued at $4,851,000 after purchasing an additional 150 shares during the period. Finally, Kirtland Hills Capital Management LLC boosted its position in shares of Oracle by 1.5% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 7,964 shares of the enterprise software provider’s stock worth $1,327,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Evercore ISI upped their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Finally, DA Davidson raised their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 0.9 %

Shares of ORCL stock opened at $168.51 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $471.31 billion, a P/E ratio of 41.20, a PEG ratio of 3.46 and a beta of 1.05. The company has a 50 day moving average of $168.94 and a 200-day moving average of $168.12. Oracle Co. has a 12-month low of $109.79 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the business earned $1.34 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

About Oracle

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.