Oregon Public Employees Retirement Fund Acquires 1,539 Shares of Oracle Corporation (NYSE:ORCL)

Oregon Public Employees Retirement Fund grew its position in Oracle Corporation (NYSE:ORCL) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,313 shares of the enterprise software provider’s stock after purchasing an additional 1,539 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Oracle were worth $19,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Brighton Jones LLC raised its holdings in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after acquiring an additional 404 shares during the period. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $34,000. Victory Capital Management Inc. increased its stake in Oracle by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 840,892 shares of the enterprise software provider’s stock valued at $140,126,000 after buying an additional 17,346 shares during the last quarter. Finally, Carrera Capital Advisors increased its stake in Oracle by 13.3% in the 4th quarter. Carrera Capital Advisors now owns 1,835 shares of the enterprise software provider’s stock valued at $306,000 after buying an additional 215 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director owned 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock worth $83,103,603 in the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, June 12th. JMP Securities set a $240.00 price objective on shares of Oracle and gave the company a “market outperform” rating in a research report on Thursday, June 12th. Citigroup reissued an “outperform” rating on shares of Oracle in a research report on Thursday, June 12th. Piper Sandler reaffirmed a “neutral” rating and set a $130.00 target price on shares of Oracle in a report on Wednesday, June 11th. Finally, Stifel Nicolaus raised shares of Oracle from a “hold” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $250.00 in a report on Monday. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.63.

Oracle Stock Up 5.3%

Shares of NYSE ORCL opened at $230.55 on Thursday. The stock has a market capitalization of $647.58 billion, a P/E ratio of 53.12, a P/E/G ratio of 3.28 and a beta of 1.39. The company has a 50-day moving average price of $174.16 and a 200-day moving average price of $163.33. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $231.90. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. On average, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Oracle’s dividend payout ratio is presently 46.08%.

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.