New Mexico Educational Retirement Board reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 5.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 303,890 shares of the enterprise software provider’s stock after selling 17,800 shares during the period. New Mexico Educational Retirement Board’s holdings in Oracle Corporation were worth $13,557,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ORCL. NTV Asset Management LLC acquired a new stake in Oracle Corporation during the first quarter valued at approximately $224,000. Pinnacle Financial Partners Inc. raised its stake in Oracle Corporation by 3.2% in the first quarter. Pinnacle Financial Partners Inc. now owns 104,379 shares of the enterprise software provider’s stock valued at $4,656,000 after buying an additional 3,246 shares during the last quarter. Buffington Mohr McNeal raised its stake in Oracle Corporation by 3.1% in the first quarter. Buffington Mohr McNeal now owns 10,422 shares of the enterprise software provider’s stock valued at $465,000 after buying an additional 310 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Oracle Corporation by 8.0% in the first quarter. Checchi Capital Advisers LLC now owns 46,166 shares of the enterprise software provider’s stock valued at $2,059,000 after buying an additional 3,417 shares during the last quarter. Finally, Insight 2811 Inc. raised its stake in Oracle Corporation by 16.1% in the first quarter. Insight 2811 Inc. now owns 20,831 shares of the enterprise software provider’s stock valued at $929,000 after buying an additional 2,892 shares during the last quarter. Hedge funds and other institutional investors own 58.54% of the company’s stock.
Oracle Corporation (NYSE:ORCL) opened at 50.80 on Monday. The firm’s 50-day moving average is $48.17 and its 200 day moving average is $44.23. The company has a market cap of $210.14 billion, a price-to-earnings ratio of 22.99 and a beta of 1.07. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, equities research analysts predict that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, July 17th. Oracle Corporation’s payout ratio is presently 34.55%.
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Several equities research analysts recently commented on the stock. Pacific Crest reissued an “equal weight” rating on shares of Oracle Corporation in a research note on Friday, June 23rd. MKM Partners reissued a “neutral” rating and set a $48.00 price objective (up previously from $45.00) on shares of Oracle Corporation in a research note on Friday, June 23rd. Mitsubishi UFJ Financial Group set a $63.00 price objective on shares of Oracle Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price objective on shares of Oracle Corporation in a research note on Wednesday, June 28th. Finally, KeyCorp reissued a “buy” rating and set a $61.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $50.70.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total transaction of $167,137.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $807,831.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Chizen sold 206,250 shares of Oracle Corporation stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the sale, the director now directly owns 63,985 shares in the company, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. In the last three months, insiders sold 2,315,101 shares of company stock valued at $113,944,409. 29.00% of the stock is owned by insiders.
Oracle Corporation Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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