State of New Jersey Common Pension Fund D Has $104.17 Million Position in Oracle Co. (NYSE:ORCL)

State of New Jersey Common Pension Fund D raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 611,331 shares of the enterprise software provider’s stock after acquiring an additional 2,668 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Oracle were worth $104,171,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle in the first quarter valued at about $38,000. Finally, Quest Partners LLC bought a new stake in Oracle during the second quarter worth about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ORCL shares. Jefferies Financial Group raised their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Royal Bank of Canada started coverage on Oracle in a research report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective for the company. KeyCorp lifted their price objective on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein increased their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Up 1.5 %

Shares of NYSE:ORCL traded up $2.88 during trading on Friday, reaching $189.25. 8,520,419 shares of the stock traded hands, compared to its average volume of 5,643,102. The stock has a market cap of $524.42 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $190.16. 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 stock has a 50-day moving average of $167.47 and a two-hundred day moving average of $144.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

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.