Employees Retirement System of Texas increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 18.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,093,050 shares of the enterprise software provider’s stock after buying an additional 167,900 shares during the quarter. Oracle accounts for 0.7% of Employees Retirement System of Texas’ investment portfolio, making the stock its 16th largest holding. Employees Retirement System of Texas’ holdings in Oracle were worth $54,806,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Morningstar Investment Services LLC increased its stake in Oracle by 0.8% during the first quarter. Morningstar Investment Services LLC now owns 1,122,953 shares of the enterprise software provider’s stock worth $50,095,000 after acquiring an additional 9,398 shares during the last quarter. DE Burlo Group Inc. bought a new position in shares of Oracle during the first quarter valued at approximately $205,000. Allegis Investment Advisors LLC grew its stake in shares of Oracle by 172.5% during the first quarter. Allegis Investment Advisors LLC now owns 17,767 shares of the enterprise software provider’s stock valued at $793,000 after buying an additional 11,248 shares during the last quarter. Lincoln National Corp grew its stake in shares of Oracle by 6.3% during the first quarter. Lincoln National Corp now owns 9,422 shares of the enterprise software provider’s stock valued at $420,000 after buying an additional 555 shares during the last quarter. Finally, Thomaspartners Inc. grew its stake in shares of Oracle by 9.5% during the first quarter. Thomaspartners Inc. now owns 4,337,983 shares of the enterprise software provider’s stock valued at $193,517,000 after buying an additional 374,570 shares during the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.
Oracle Corporation (NYSE:ORCL) traded up $0.67 during trading on Monday, reaching $50.27. The company’s stock had a trading volume of 3,974,260 shares, compared to its average volume of 13,267,127. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The stock has a market capitalization of $207,004.89, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05. Oracle Corporation has a one year low of $38.30 and a one year high of $53.14.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. Oracle’s revenue was up 7.0% on a year-over-year basis. research analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current year.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,776 shares of company stock valued at $14,821,999. Company insiders own 29.00% of the company’s stock.
A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Oracle to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price target on shares of Oracle in a report on Monday, October 2nd. BTIG Research reiterated a “buy” rating and issued a $58.00 price target on shares of Oracle in a report on Tuesday, September 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price target (up previously from $52.00) on shares of Oracle in a report on Saturday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $55.04.
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Oracle 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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