Oracle Corporation (ORCL) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas lifted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 57.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,853,797 shares of the enterprise software provider’s stock after acquiring an additional 672,884 shares during the quarter. Teacher Retirement System of Texas’ holdings in Oracle were worth $89,631,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Beacon Financial Group lifted its holdings in Oracle by 8.4% during the 2nd quarter. Beacon Financial Group now owns 54,521 shares of the enterprise software provider’s stock worth $2,737,000 after purchasing an additional 4,245 shares during the last quarter. Neville Rodie & Shaw Inc. lifted its holdings in Oracle by 206.7% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 210,820 shares of the enterprise software provider’s stock worth $10,571,000 after purchasing an additional 142,089 shares during the last quarter. First Command Bank lifted its holdings in Oracle by 25.4% during the 2nd quarter. First Command Bank now owns 10,156 shares of the enterprise software provider’s stock worth $509,000 after purchasing an additional 2,060 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $213,000. Finally, BKD Wealth Advisors LLC lifted its holdings in Oracle by 8.0% during the 2nd quarter. BKD Wealth Advisors LLC now owns 19,915 shares of the enterprise software provider’s stock worth $999,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors own 57.89% of the company’s stock.
Several equities analysts have weighed in on ORCL shares. Bank of America reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Oracle in a report on Monday, September 18th. BTIG Research reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Oracle in a report on Tuesday, September 19th. Canaccord Genuity started coverage on Oracle in a report on Friday, October 6th. They issued a “buy” rating and a $57.00 price objective for the company. Goldman Sachs Group set a $56.00 price objective on Oracle and gave the company a “buy” rating in a report on Friday, October 6th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Oracle in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $55.28.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $48.40, for a total transaction of $181,500.00. Following the sale, the director now owns 18,125 shares in the company, valued at approximately $877,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the sale, the executive vice president now owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold a total of 107,500 shares of company stock worth $5,123,613 in the last 90 days. 29.00% of the stock is currently owned by corporate insiders.
Oracle Corporation (NYSE ORCL) opened at $49.51 on Monday. Oracle Corporation has a 52 week low of $38.88 and a 52 week high of $53.14. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $204,951.69, a price-to-earnings ratio of 21.25, a PEG ratio of 1.89 and a beta of 1.05.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. sell-side analysts expect that Oracle Corporation will post 2.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Oracle’s dividend payout ratio is currently 32.62%.
Oracle announced that its Board of Directors has authorized a share repurchase program on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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