Swedbank AB Sells 292,968 Shares of Oracle Co. (NYSE:ORCL)

Swedbank AB reduced its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,352,952 shares of the enterprise software provider's stock after selling 292,968 shares during the period. Swedbank AB owned about 0.09% of Oracle worth $400,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ORCL. Eagle Rock Investment Company LLC boosted its holdings in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock worth $3,003,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc raised its position in Oracle by 1.7% in the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider's stock worth $674,000 after acquiring an additional 65 shares during the period. First International Bank & Trust boosted its stake in Oracle by 1.8% in the third quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider's stock valued at $636,000 after acquiring an additional 67 shares during the last quarter. Adirondack Trust Co. grew its position in shares of Oracle by 0.8% during the 3rd quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider's stock valued at $1,472,000 after acquiring an additional 67 shares during the period. Finally, Werlinich Asset Management LLC increased its stake in shares of Oracle by 3.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider's stock worth $326,000 after purchasing an additional 70 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of NYSE:ORCL traded down $2.02 during trading on Tuesday, reaching $174.10. The company had a trading volume of 5,846,770 shares, compared to its average volume of 8,503,258. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $479.80 billion, a P/E ratio of 47.04, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. The company has a fifty day moving average of $152.60 and a two-hundred day moving average of $137.28.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating 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 business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company 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. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle's dividend payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. Melius upgraded Oracle from a "hold" rating to a "buy" rating and set a $210.00 price objective on the stock in a research note on Monday, September 16th. Evercore ISI upped their price target on Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Stifel Nicolaus lifted their price objective on Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. JMP Securities raised shares of Oracle from a "market perform" rating to an "outperform" rating and set a $175.00 price objective on the stock in a report on Tuesday, September 10th. Finally, Bank of America lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.42.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business's stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Maria Smith sold 6,320 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the company's stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.80% 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.