Teachers Retirement System of The State of Kentucky decreased its stake in Oracle Corporation (NYSE:ORCL) by 9.0% during the first quarter, Holdings Channel reports. The fund owned 340,724 shares of the enterprise software provider’s stock after selling 33,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Oracle Corporation were worth $15,200,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Reilly Financial Advisors LLC increased its position in Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares during the period. Gradient Investments LLC increased its position in Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock valued at $114,000 after buying an additional 1,132 shares during the period. TrimTabs Asset Management LLC increased its position in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares during the period. Finally, Orrstown Financial Services Inc. increased its position in Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock valued at $130,000 after buying an additional 1,372 shares during the period. Institutional investors own 58.79% of the company’s stock.

Oracle Corporation (NYSE:ORCL) traded up 0.27% during midday trading on Tuesday, reaching $48.98. 2,833,178 shares of the company traded hands. The company has a 50 day moving average price of $50.04 and a 200-day moving average price of $45.54. The stock has a market capitalization of $202.61 billion, a P/E ratio of 22.16 and a beta of 1.06. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85.

Oracle Corporation (NYSE:ORCL) last posted its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. The business had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. Analysts forecast that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.

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Several research analysts recently commented on the stock. UBS AG reaffirmed a “buy” rating and issued a $52.00 price objective (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 22nd. Wedbush raised shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $56.00 to $44.00 in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a report on Friday, May 19th. Finally, Royal Bank Of Canada raised their price objective on shares of Oracle Corporation from $47.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.70.

In other Oracle Corporation news, EVP Dorian Daley sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $50.94, for a total transaction of $10,188,000.00. Following the transaction, the executive vice president now owns 130,977 shares of the company’s stock, valued at approximately $6,671,968.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,813,750 shares of company stock worth $91,377,700 in the last three months. Insiders own 29.00% of the company’s stock.

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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Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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