Handelsbanken Fonder AB Has $121 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Handelsbanken Fonder AB raised its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 32.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 726,118 shares of the enterprise software provider's stock after purchasing an additional 176,575 shares during the period. Handelsbanken Fonder AB's holdings in Oracle were worth $121,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its position in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares during the period. TFC Financial Management Inc. grew its stake in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter valued at $44,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle during the fourth quarter valued at about $47,000. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on ORCL. KeyCorp increased their price objective on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. 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 report on Tuesday, December 10th. Piper Sandler upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Finally, StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $182.73.

Oracle Stock Performance

Shares of ORCL traded down $7.90 during trading hours on Friday, reaching $168.10. 6,874,702 shares of the company traded hands, compared to its average volume of 12,034,413. Oracle Co. has a 1-year low of $109.66 and a 1-year high of $198.31. The stock has a market cap of $470.18 billion, a P/E ratio of 41.07, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. The stock's fifty day moving average is $169.10 and its 200 day moving average is $166.74. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle's dividend payout ratio is currently 39.12%.

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.