Public Employees Retirement Association of Colorado Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Public Employees Retirement Association of Colorado decreased its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,231,981 shares of the enterprise software provider’s stock after selling 120,939 shares during the quarter. Oracle comprises approximately 0.8% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 27th biggest position. Public Employees Retirement Association of Colorado owned 0.08% of Oracle worth $194,651,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC raised its holdings in Oracle by 115.6% in the third quarter. Bellwether Advisors LLC now owns 291 shares of the enterprise software provider’s stock worth $25,000 after purchasing an additional 156 shares in the last quarter. Level Financial Advisors Inc. bought a new position in Oracle in the fourth quarter worth $28,000. Evolution Advisers Inc. bought a new position in Oracle in the fourth quarter worth $33,000. Outfitter Financial LLC bought a new position in Oracle in the fourth quarter worth $43,000. Finally, PSI Advisors LLC bought a new position in Oracle in the third quarter worth $44,000. 42.33% of the stock is owned by institutional investors.

NYSE ORCL traded up $2.17 during trading hours on Tuesday, reaching $71.88. The company’s stock had a trading volume of 5,942,864 shares, compared to its average volume of 8,581,374. The firm’s 50-day moving average price is $78.09 and its 200-day moving average price is $83.85. Oracle Co. has a 1 year low of $68.97 and a 1 year high of $106.34. The company has a market capitalization of $191.79 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.22 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last posted its quarterly earnings results on Thursday, March 10th. The enterprise software provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.06). Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The business had revenue of $10.51 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts anticipate that Oracle Co. will post 4.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 21st. Shareholders of record on Friday, April 8th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, April 7th. Oracle’s payout ratio is 49.04%.

In other Oracle news, Director Renee Jo James sold 6,000 shares of Oracle stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $84.11, for a total value of $504,660.00. Following the sale, the director now owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 43.40% of the company’s stock.

ORCL has been the subject of several analyst reports. Societe Generale upgraded Oracle from a “hold” rating to a “buy” rating in a report on Friday, March 11th. Exane BNP Paribas upgraded Oracle from an “underperform” rating to a “neutral” rating in a report on Tuesday, March 29th. StockNews.com assumed coverage on Oracle in a report on Thursday, March 31st. They set a “buy” rating for the company. Credit Suisse Group set a $115.00 price objective on Oracle in a report on Friday, March 11th. Finally, Barclays set a $82.00 price objective on Oracle in a report on Friday, March 11th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $93.09.

About Oracle (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

See Also

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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