Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $56.95 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Oracle Co. (NYSE:ORCL) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,742 shares of the enterprise software provider’s stock after selling 6,214 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Oracle were worth $56,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new position in Oracle in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC raised its stake in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new position in shares of Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. grew its stake in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in Oracle during the 4th quarter worth $47,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 2.0 %

ORCL stock opened at $152.40 on Thursday. The stock’s 50 day moving average is $165.10 and its 200-day moving average is $169.89. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The firm has a market capitalization of $426.25 billion, a PE ratio of 37.26, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America decreased their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. KeyCorp restated an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler cut their price target on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $179.20.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.