Retirement Systems of Alabama decreased its stake in Oracle Corp. (NYSE:ORCL) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,350,234 shares of the enterprise software provider’s stock after selling 5,500 shares during the period. Oracle Corp. makes up approximately 0.8% of Retirement Systems of Alabama’s portfolio, making the stock its 16th largest position. Retirement Systems of Alabama owned about 0.08% of Oracle Corp. worth $137,125,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ORCL. PM CAPITAL Ltd purchased a new stake in shares of Oracle Corp. during the first quarter valued at approximately $34,143,000. Lincluden Management Ltd. raised its stake in shares of Oracle Corp. by 116.6% in the first quarter. Lincluden Management Ltd. now owns 204,349 shares of the enterprise software provider’s stock valued at $8,360,000 after buying an additional 110,015 shares in the last quarter. Legacy Private Trust Co. raised its stake in shares of Oracle Corp. by 0.6% in the first quarter. Legacy Private Trust Co. now owns 25,531 shares of the enterprise software provider’s stock valued at $1,044,000 after buying an additional 160 shares in the last quarter. Saddle Road Partners LLC raised its stake in shares of Oracle Corp. by 4.0% in the first quarter. Saddle Road Partners LLC now owns 99,472 shares of the enterprise software provider’s stock valued at $4,069,000 after buying an additional 3,814 shares in the last quarter. Finally, PGGM Investments raised its stake in shares of Oracle Corp. by 1.5% in the first quarter. PGGM Investments now owns 2,938,277 shares of the enterprise software provider’s stock valued at $120,205,000 after buying an additional 42,911 shares in the last quarter. Institutional investors own 58.24% of the company’s stock.

Institutional Ownership by Quarter for Oracle Corp. (NYSE:ORCL)

Oracle Corp. (NYSE:ORCL) traded down 1.58% during trading on Tuesday, hitting $38.01. The stock had a trading volume of 14,950,508 shares. The stock has a 50 day moving average price of $40.07 and a 200 day moving average price of $40.29. The company has a market capitalization of $156.05 billion, a price-to-earnings ratio of 18.06 and a beta of 1.23. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.

Oracle Corp. (NYSE:ORCL) last announced its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Equities research analysts forecast that Oracle Corp. will post $2.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is presently 28.57%.

A number of research analysts recently commented on ORCL shares. Wedbush reissued a “neutral” rating and issued a $40.00 price target on shares of Oracle Corp. in a report on Monday, June 13th. Jefferies Group reissued a “buy” rating and issued a $50.00 price target on shares of Oracle Corp. in a report on Monday, June 13th. Barclays PLC reissued a “buy” rating and issued a $48.00 price target on shares of Oracle Corp. in a report on Monday, June 13th. Zacks Investment Research raised Oracle Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $41.00 price target on shares of Oracle Corp. in a report on Wednesday, June 15th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.76.

In related news, EVP John F. Fowler sold 500,000 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the transaction, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by corporate insiders.

Oracle Corp. 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.

5 Day Chart for NYSE:ORCL

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