Skandinaviska Enskilda Banken AB publ Grows Stock Position in Oracle Co. (NYSE:ORCL)

Skandinaviska Enskilda Banken AB publ raised its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 47.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 518,445 shares of the enterprise software provider's stock after buying an additional 166,855 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Oracle were worth $73,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Contour Asset Management LLC increased its holdings in Oracle by 41.5% during the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider's stock worth $231,203,000 after purchasing an additional 643,490 shares in the last quarter. Hancock Whitney Corp grew its holdings in Oracle by 12.7% during the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider's stock worth $3,089,000 after buying an additional 3,291 shares in the last quarter. Heritage Wealth Advisors raised its position in Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider's stock valued at $1,792,000 after buying an additional 109 shares during the last quarter. Goelzer Investment Management Inc. lifted its stake in Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider's stock valued at $941,000 after acquiring an additional 1,500 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Oracle by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider's stock worth $3,151,000 after acquiring an additional 7,982 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was 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 $7,076,685. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,610,402 shares of company stock valued at $230,556,257 in the last 90 days. Corporate insiders own 42.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of Oracle from $160.00 to $173.00 and gave the company a "market perform" rating in a report on Tuesday, September 10th. Argus lifted their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a "buy" rating in a research report on Tuesday, June 18th. TD Cowen boosted their target price on Oracle from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Melius Research raised Oracle from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Oppenheimer reissued a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $163.88.

Oracle Price Performance

ORCL stock traded up $0.37 during mid-day trading on Friday, reaching $167.96. 12,186,500 shares of the company traded hands, compared to its average volume of 8,640,396. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99. The company has a market capitalization of $462.87 billion, a P/E ratio of 45.27, a P/E/G ratio of 2.95 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a fifty day moving average price of $142.30 and a 200-day moving average price of $131.81.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS. As a group, analysts anticipate that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle's dividend payout ratio is currently 43.13%.

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.