Kentucky Retirement Systems Sells 6,714 Shares of Oracle Corporation $ORCL

Kentucky Retirement Systems cut its holdings in shares of Oracle Corporation (NYSE:ORCL) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,459 shares of the enterprise software provider’s stock after selling 6,714 shares during the quarter. Oracle makes up 0.7% of Kentucky Retirement Systems’ portfolio, making the stock its 22nd largest position. Kentucky Retirement Systems’ holdings in Oracle were worth $22,401,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Oracle by 69.4% during the first quarter. Vestmark Advisory Solutions Inc. now owns 22,554 shares of the enterprise software provider’s stock worth $3,153,000 after buying an additional 9,237 shares during the last quarter. Cookson Peirce & Co. Inc. increased its holdings in Oracle by 13.5% during the first quarter. Cookson Peirce & Co. Inc. now owns 1,615 shares of the enterprise software provider’s stock worth $226,000 after buying an additional 192 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Oracle by 19.4% in the first quarter. EverSource Wealth Advisors LLC now owns 17,582 shares of the enterprise software provider’s stock valued at $2,458,000 after acquiring an additional 2,855 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ORCL shares. Baird R W upgraded shares of Oracle to a “strong-buy” rating in a research note on Wednesday, October 8th. Stifel Nicolaus lowered their price target on Oracle from $350.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $375.00 price objective on shares of Oracle in a research note on Wednesday, November 26th. TD Cowen decreased their target price on Oracle from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada dropped their price target on Oracle from $310.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $301.57.

Oracle Stock Performance

NYSE:ORCL opened at $189.64 on Friday. The stock has a 50 day simple moving average of $245.58 and a 200 day simple moving average of $241.39. The stock has a market cap of $540.62 billion, a P/E ratio of 35.65, a PEG ratio of 2.14 and a beta of 1.66. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 3.28.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The firm had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter last year, the business earned $1.47 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a $0.50 dividend. The ex-dividend date is Friday, January 9th. This represents a $2.00 annualized dividend and a yield of 1.1%. Oracle’s payout ratio is 37.59%.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the transaction, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the transaction, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. This represents a 7.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 171,513 shares of company stock worth $50,397,893. Company insiders own 40.90% 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.