Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,379 shares of the enterprise software provider’s stock after acquiring an additional 1,622 shares during the period. Oracle makes up 1.2% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 13th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Oracle were worth $12,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank raised its stake in shares of Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI raised its stake in shares of Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares in the last quarter. Quantum Private Wealth LLC purchased a new position in shares of Oracle during the 3rd quarter worth approximately $229,000. Cooper Financial Group raised its stake in shares of Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after buying an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $171,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 1.6 %

Shares of ORCL traded down $1.95 during trading hours on Wednesday, hitting $118.67. The stock had a trading volume of 5,348,468 shares, compared to its average volume of 8,624,893. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $326.16 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.32 and a beta of 1.01. The company’s fifty day simple moving average is $119.25 and its 200 day simple moving average is $112.73. Oracle Co. has a 12-month low of $93.29 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the company posted $0.96 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Erste Group Bank restated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Piper Sandler lowered their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.