Oracle Co. (NYSE:ORCL) Stock Position Raised by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in shares of Oracle Co. (NYSE:ORCL) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,597 shares of the enterprise software provider’s stock after purchasing an additional 1,525 shares during the period. Texas Permanent School Fund Corp’s holdings in Oracle were worth $41,401,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ORCL. Vanguard Group Inc. increased its position in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares during the period. Capital World Investors boosted its stake in Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares in the last quarter. Parnassus Investments LLC boosted its stake in Oracle by 17.7% in the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares in the last quarter. Putnam Investments LLC boosted its stake in Oracle by 6.0% in the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after purchasing an additional 697,961 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Oracle by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after purchasing an additional 204,546 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 0.5 %

NYSE:ORCL traded up $0.71 on Thursday, reaching $142.78. The company’s stock had a trading volume of 5,245,030 shares, compared to its average volume of 8,618,818. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.79. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm has a market cap of $393.48 billion, a PE ratio of 38.48, a PEG ratio of 2.63 and a beta of 1.02. The business’s 50-day moving average price is $129.75 and its two-hundred day moving average price is $120.27.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 earnings per share. Equities research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. Oracle’s dividend payout ratio is currently 43.13%.

Analysts Set New Price Targets

A number of equities analysts have commented on ORCL shares. DA Davidson reissued a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. TD Cowen boosted their target price on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Citigroup dropped their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, KeyCorp boosted their target price on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Insiders sold 812,500 shares of company stock valued at $113,578,574 over the last three months. Company insiders own 42.80% of the company’s stock.

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.