Kentucky Retirement Systems Sells 954 Shares of Oracle Co. (NYSE:ORCL)

Kentucky Retirement Systems lessened its position in shares of Oracle Co. (NYSE:ORCL) by 0.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 120,128 shares of the enterprise software provider’s stock after selling 954 shares during the quarter. Kentucky Retirement Systems’ holdings in Oracle were worth $16,962,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new stake in shares of Oracle during the first quarter worth $25,000. Fairway Wealth LLC bought a new stake in Oracle during the second quarter valued at $27,000. Tidemark LLC bought a new stake in Oracle during the fourth quarter valued at $29,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the 4th quarter worth about $30,000. Finally, POM Investment Strategies LLC bought a new position in shares of Oracle in the 2nd quarter worth about $30,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday. JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Tuesday, September 10th. Finally, Morgan Stanley lifted their price target on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.88.

Oracle Trading Down 1.8 %

Shares of ORCL stock opened at $164.49 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99. The company has a 50-day simple moving average of $141.34 and a two-hundred day simple moving average of $131.19. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $453.31 billion, a price-to-earnings ratio of 44.34, a PEG ratio of 2.95 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. Research analysts anticipate that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,610,402 shares of company stock valued at $230,556,257. Company insiders own 42.80% of the company’s stock.

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.