Livforsakringsbolaget Skandia Omsesidigt Has $23.54 Million Stake in Oracle Co. (NYSE:ORCL)

Livforsakringsbolaget Skandia Omsesidigt lessened its position in shares of Oracle Co. (NYSE:ORCL) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,288 shares of the enterprise software provider’s stock after selling 9,900 shares during the period. Oracle accounts for 1.2% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 10th largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Oracle were worth $23,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORCL. Activest Wealth Management increased its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC increased its holdings in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank increased its holdings in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares in the last quarter. Requisite Capital Management LLC increased its holdings in shares of Oracle by 2.8% in the 4th 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 in the last quarter. Finally, McLean Asset Management Corp increased its holdings in shares of Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. UBS Group lifted their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 0.5 %

ORCL opened at $172.53 on Friday. The stock has a market cap of $482.56 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 3.35 and a beta of 1.05. The stock’s 50 day moving average price is $170.83 and its 200-day moving average price is $164.05. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. 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) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 EPS. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.93%. Oracle’s dividend payout ratio (DPR) 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.