TIAA Trust National Association Purchases 31,260 Shares of Oracle Co. (NYSE:ORCL)

TIAA Trust National Association increased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 10.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 327,969 shares of the enterprise software provider's stock after buying an additional 31,260 shares during the period. TIAA Trust National Association's holdings in Oracle were worth $54,653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth $34,000. TFC Financial Management Inc. lifted its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Oracle in the 4th quarter worth about $47,000. Institutional investors own 42.44% of the company's stock.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORCL. Barclays decreased their price objective on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. UBS Group reiterated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Evercore ISI dropped their price target on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, DA Davidson reissued a "neutral" rating and set a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $179.20.

Oracle Trading Down 3.5 %

NYSE:ORCL traded down $5.03 during midday trading on Friday, hitting $140.75. 13,138,087 shares of the company traded hands, compared to its average volume of 8,963,386. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm's fifty day moving average is $163.94 and its 200-day moving average is $170.12. The firm has a market capitalization of $393.67 billion, a P/E ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business posted $1.41 EPS. Oracle's revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm 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. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is 46.95%.

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.