Public Sector Pension Investment Board Purchases 208,100 Shares of Oracle Co. (NYSE:ORCL)

Public Sector Pension Investment Board boosted its position in Oracle Co. (NYSE:ORCL) by 62.3% during the 3rd quarter, Holdings Channel reports. The fund owned 542,174 shares of the enterprise software provider’s stock after buying an additional 208,100 shares during the period. Public Sector Pension Investment Board’s holdings in Oracle were worth $92,386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ORCL. Jaffetilchin Investment Partners LLC bought a new position in shares of Oracle in the first quarter valued at $227,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the 1st quarter valued at about $38,000. Community Trust & Investment Co. acquired a new position in Oracle during the 1st quarter valued at about $220,000. Northwest Bank & Trust Co increased its holdings in Oracle by 1.7% during the 1st quarter. Northwest Bank & Trust Co now owns 19,887 shares of the enterprise software provider’s stock worth $2,498,000 after purchasing an additional 329 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Oracle by 182.5% in the first quarter. Cetera Investment Advisers now owns 389,754 shares of the enterprise software provider’s stock worth $48,957,000 after purchasing an additional 251,767 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. Royal Bank of Canada started coverage on Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price on the stock. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, September 16th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Citigroup boosted their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Finally, TD Cowen lifted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Performance

Shares of ORCL stock opened at $182.76 on Thursday. The firm’s 50 day moving average is $176.80 and its 200 day moving average is $150.89. The stock has a market capitalization of $506.44 billion, a P/E ratio of 47.10, a PEG ratio of 3.46 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $196.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

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.