Teachers Retirement System of The State of Kentucky Sells 31,433 Shares of Oracle Co. (NYSE:ORCL)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 9.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,309 shares of the enterprise software provider's stock after selling 31,433 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Oracle were worth $48,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Geode Capital Management LLC grew its position in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock worth $3,049,824,000 after purchasing an additional 310,709 shares during the period. Janus Henderson Group PLC raised its position in shares of Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock worth $2,489,345,000 after buying an additional 54,868 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider's stock valued at $1,869,816,000 after buying an additional 296,866 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a report on Tuesday. Barclays raised their target price on shares of Oracle from $160.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Sanford C. Bernstein boosted their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Citigroup increased their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Guggenheim lifted their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $181.48.

Oracle Trading Up 0.5 %

Shares of ORCL traded up $0.84 during mid-day trading on Wednesday, hitting $178.58. 13,109,637 shares of the company's stock traded hands, compared to its average volume of 8,392,769. The business's 50-day moving average price is $179.97 and its 200-day moving average price is $155.06. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $198.31. The firm has a market capitalization of $494.86 billion, a P/E ratio of 46.06, a PEG ratio of 3.49 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.90%. Oracle's payout ratio is 41.24%.

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.