Kentucky Retirement Systems Insurance Trust Fund Sells 3,014 Shares of Oracle Corporation $ORCL

Kentucky Retirement Systems Insurance Trust Fund lowered its position in Oracle Corporation (NYSE:ORCL) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,486 shares of the enterprise software provider’s stock after selling 3,014 shares during the period. Oracle makes up about 0.7% of Kentucky Retirement Systems Insurance Trust Fund’s portfolio, making the stock its 22nd largest position. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Oracle were worth $9,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Oracle during the second quarter worth $4,275,378,000. Vanguard Group Inc. grew its stake in Oracle by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock worth $35,916,290,000 after buying an additional 3,353,461 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Oracle during the 2nd quarter valued at about $731,512,000. Invesco Ltd. raised its stake in Oracle by 42.1% in the second quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock valued at $1,932,507,000 after buying an additional 2,619,722 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Oracle by 840.7% in the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock worth $463,380,000 after acquiring an additional 1,894,157 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wolfe Research upped their price objective on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Oracle in a research note on Monday, December 8th. Stifel Nicolaus lowered their price objective on shares of Oracle from $350.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup cut their target price on Oracle from $375.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Cantor Fitzgerald reduced their target price on Oracle from $400.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $301.57.

Insider Activity

In related news, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at $42,610,859.20. The trade was a 20.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the firm’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the sale, the executive vice president owned 18,429 shares in the company, valued at approximately $5,528,700. This represents a 51.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 171,513 shares of company stock worth $50,397,893. 40.90% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of ORCL opened at $189.64 on Friday. The business’s 50-day moving average is $245.58 and its two-hundred day moving average is $241.39. The company has a market capitalization of $540.62 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.14 and a beta of 1.66. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.62 and a current ratio of 0.91.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The firm had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 earnings per share. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s dividend payout ratio (DPR) is presently 37.59%.

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.