Oregon Public Employees Retirement Fund Purchases 1,019 Shares of Oracle Co. (NYSE:ORCL)

Oregon Public Employees Retirement Fund raised its position in Oracle Co. (NYSE:ORCL) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,774 shares of the enterprise software provider’s stock after purchasing an additional 1,019 shares during the period. Oracle accounts for 0.4% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 28th biggest position. Oregon Public Employees Retirement Fund’s holdings in Oracle were worth $22,959,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its stake in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% in the 4th 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 in the last quarter. Reston Wealth Management LLC bought a new position in shares of Oracle during the 3rd quarter valued at about $44,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at about $47,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ORCL shares. Cantor Fitzgerald cut shares of Oracle to an “overweight” rating in a research report on Monday, February 10th. Morgan Stanley increased their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Piper Sandler boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Down 0.9 %

Shares of NYSE:ORCL opened at $168.51 on Wednesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $109.79 and a 52-week high of $198.31. The firm has a market capitalization of $471.31 billion, a P/E ratio of 41.20, a P/E/G ratio of 3.46 and a beta of 1.05. The stock has a 50 day moving average price of $168.94 and a 200-day moving average price of $168.12.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm posted $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.