Livforsakringsbolaget Skandia Omsesidigt Sells 11,900 Shares of Oracle Co. (NYSE:ORCL)

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Oracle Co. (NYSE:ORCL) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,957 shares of the enterprise software provider’s stock after selling 11,900 shares during the period. Oracle accounts for 1.5% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 10th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Oracle were worth $14,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. BlackRock Inc. raised its holdings in shares of Oracle by 1.4% in the 1st quarter. BlackRock Inc. now owns 117,130,967 shares of the enterprise software provider’s stock valued at $10,883,809,000 after purchasing an additional 1,618,027 shares in the last quarter. State Street Corp lifted its position in Oracle by 2.6% during the first quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock valued at $5,815,566,000 after purchasing an additional 1,570,528 shares during the period. Geode Capital Management LLC lifted its stake in shares of Oracle by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 27,753,778 shares of the enterprise software provider’s stock valued at $2,572,592,000 after purchasing an additional 136,383 shares during the period. FMR LLC boosted its stake in shares of Oracle by 12.2% during the 1st quarter. FMR LLC now owns 24,369,890 shares of the enterprise software provider’s stock worth $2,264,450,000 after acquiring an additional 2,644,377 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Oracle by 9.6% in the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after buying an additional 1,794,080 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

NYSE:ORCL traded up $1.98 during mid-day trading on Thursday, reaching $113.82. 7,345,178 shares of the company were exchanged, compared to its average volume of 8,990,227. The company has a fifty day moving average of $117.41 and a 200 day moving average of $105.85. The stock has a market cap of $308.94 billion, a PE ratio of 36.55, a PEG ratio of 3.48 and a beta of 1.00. Oracle Co. has a 12 month low of $60.78 and a 12 month high of $127.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 55.54.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a negative return on equity of 470.73% and a net margin of 17.02%. Oracle’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. On average, research analysts anticipate that Oracle Co. will post 4.5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is presently 52.29%.

Insider Buying and Selling at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $138,576,328,095.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $138,576,328,095.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Screven sold 220,740 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $126.42, for a total transaction of $27,905,950.80. Following the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at approximately $321,490,231.86. The disclosure for this sale can be found here. Insiders have sold a total of 4,170,577 shares of company stock valued at $510,048,838 in the last ninety days. 43.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ORCL. UBS Group reduced their target price on shares of Oracle from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Oracle from $120.00 to $135.00 in a research note on Tuesday, June 13th. Bank of America lifted their price target on shares of Oracle from $112.00 to $132.00 in a research note on Tuesday, June 13th. Guggenheim lifted their price target on Oracle from $120.00 to $150.00 in a report on Tuesday, June 13th. Finally, Evercore ISI raised their target price on Oracle from $125.00 to $131.00 and gave the stock an “in-line” rating in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $122.22.

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.