New York State Common Retirement Fund cut its stake in Oracle Co. (NYSE:ORCL) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,607,855 shares of the enterprise software provider’s stock after selling 215,224 shares during the quarter. Oracle comprises approximately 0.6% of New York State Common Retirement Fund’s holdings, making the stock its 28th largest holding. New York State Common Retirement Fund owned approximately 0.23% of Oracle worth $433,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Landmark Financial Advisors LLC increased its stake in shares of Oracle by 2.1% during the fourth quarter. Landmark Financial Advisors LLC now owns 9,613 shares of the enterprise software provider’s stock valued at $434,000 after buying an additional 200 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Oracle by 0.7% during the fourth quarter. Quadrant Capital Group LLC now owns 34,344 shares of the enterprise software provider’s stock valued at $1,528,000 after buying an additional 230 shares during the period. Arrow Financial Corp increased its stake in shares of Oracle by 0.5% during the fourth quarter. Arrow Financial Corp now owns 51,262 shares of the enterprise software provider’s stock valued at $2,315,000 after buying an additional 260 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV increased its stake in shares of Oracle by 7.1% during the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 4,500 shares of the enterprise software provider’s stock valued at $203,000 after buying an additional 300 shares during the period. Finally, Mission Wealth Management LP increased its stake in shares of Oracle by 2.3% during the fourth quarter. Mission Wealth Management LP now owns 13,584 shares of the enterprise software provider’s stock valued at $613,000 after buying an additional 303 shares during the period. Institutional investors own 46.80% of the company’s stock.

ORCL opened at $52.94 on Friday. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $53.47. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a market capitalization of $219.15 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.75 and a beta of 1.08.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 3.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.19. Oracle’s payout ratio is 26.95%.

Several brokerages have recently commented on ORCL. Sanford C. Bernstein restated a “buy” rating and set a $57.00 price target on shares of Oracle in a research note on Tuesday, December 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price target on shares of Oracle in a research note on Wednesday. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. UBS Group raised their price target on Oracle to $54.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Raymond James raised their price target on Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.77.

In other Oracle news, EVP Dorian Daley sold 6,302 shares of the firm’s stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $43.24, for a total value of $272,498.48. Following the completion of the sale, the executive vice president now owns 77,919 shares of the company’s stock, valued at $3,369,217.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $51.51, for a total value of $193,162.50. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,440,683.19. The disclosure for this sale can be found here. Insiders sold 42,552 shares of company stock worth $1,945,486 in the last quarter. 32.00% of the stock is owned by insiders.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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