Swedbank AB Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Swedbank AB cut its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,162,773 shares of the enterprise software provider's stock after selling 190,179 shares during the quarter. Swedbank AB owned approximately 0.08% of Oracle worth $360,404,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Geode Capital Management LLC raised its stake in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock worth $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock worth $3,049,824,000 after buying an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock worth $2,489,345,000 after acquiring an additional 54,868 shares during the period. 42.44% of the stock is owned by institutional investors.

Remove Ads

Oracle Price Performance

Shares of NYSE:ORCL traded down $0.47 during trading on Friday, reaching $169.91. The company had a trading volume of 8,702,492 shares, compared to its average volume of 13,743,506. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. 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 stock has a market capitalization of $475.24 billion, a P/E ratio of 41.54, a price-to-earnings-growth ratio of 3.19 and a beta of 1.06. The company has a fifty day moving average of $171.89 and a two-hundred day moving average of $163.26.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 for the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the previous year, the business earned $1.34 EPS. The company's revenue for the quarter was up 8.6% 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 firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's payout ratio is currently 39.12%.

Insiders Place Their Bets

In other 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 directly owns 1,118,592 shares of the company's stock, 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 can be accessed through this hyperlink. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their target price on Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 10th. Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle 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.