Skandinaviska Enskilda Banken AB publ Has $71.32 Million Holdings in Oracle Co. (NYSE:ORCL)

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,280 shares of the enterprise software provider's stock after selling 61,854 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Oracle were worth $71,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Activest Wealth Management boosted its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after acquiring an additional 56 shares during the last quarter. Second Line Capital LLC increased its position in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock valued at $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank lifted its holdings in Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock worth $1,296,000 after acquiring an additional 59 shares during the period. Requisite Capital Management LLC boosted its position in Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after purchasing an additional 60 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. grew its stake in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent analyst reports. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Bank of America dropped their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday. Citigroup decreased their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research note on Wednesday. Jefferies Financial Group upped their price objective on Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, UBS Group reissued a "market perform" rating on shares of Oracle in a report on Tuesday. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $176.85.

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Oracle Trading Up 4.8 %

Shares of ORCL stock opened at $151.17 on Thursday. The business's fifty day moving average is $166.51 and its 200 day moving average is $169.49. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The company has a market capitalization of $422.81 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the prior year, the business earned $1.41 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 39.12%.

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.

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