Avanza Fonder AB Acquires New Position in Oracle Co. (NYSE:ORCL)

Avanza Fonder AB acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 122,098 shares of the enterprise software provider's stock, valued at approximately $20,346,000. Oracle makes up about 0.6% of Avanza Fonder AB's holdings, making the stock its 25th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. Winch Advisory Services LLC increased its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after buying an additional 87 shares in the last quarter. Quest Partners LLC purchased a new stake in Oracle during the 2nd quarter worth about $40,000. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter worth about $44,000. Avondale Wealth Management acquired a new position in Oracle in the 3rd quarter valued at about $51,000. Finally, Friedenthal Financial purchased a new position in Oracle in the 3rd quarter valued at about $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 0.9 %

ORCL stock traded up $1.51 during trading on Friday, reaching $161.05. The stock had a trading volume of 11,593,557 shares, compared to its average volume of 8,612,094. The firm has a fifty day moving average price of $176.00 and a 200 day moving average price of $161.21. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm posted $1.34 EPS. The company's revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle's dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 10th. Citigroup lifted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. Finally, Piper Sandler increased their target price on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Company Profile

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.