Nordea Investment Management AB Has $242.16 Million Stock Position in Oracle Co. (NYSE:ORCL)

Nordea Investment Management AB decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 57.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,009,790 shares of the enterprise software provider’s stock after selling 2,686,553 shares during the period. Nordea Investment Management AB owned approximately 0.07% of Oracle worth $242,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clear Investment Research LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $25,000. NewSquare Capital LLC grew its stake in shares of Oracle by 843.3% in the first quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 253 shares in the last quarter. Steward Financial Group LLC bought a new stake in Oracle in the fourth quarter valued at approximately $27,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Oracle in the first quarter valued at approximately $30,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Oracle in the first quarter valued at about $32,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL stock traded up $0.61 during mid-day trading on Friday, reaching $114.27. The stock had a trading volume of 2,601,238 shares, compared to its average volume of 9,025,439. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 29.72. Oracle Co. has a 1-year low of $60.78 and a 1-year high of $127.54. The firm has a market cap of $313.08 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 2.89 and a beta of 1.00. The business’s fifty day moving average is $117.33 and its 200-day moving average is $105.89.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. On average, research analysts forecast that Oracle Co. will post 4.48 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, October 11th. Oracle’s dividend payout ratio is currently 47.62%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on Oracle from $84.00 to $120.00 in a research report on Tuesday, June 13th. DZ Bank upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Thursday. Piper Sandler restated an “overweight” rating and set a $130.00 price target on shares of Oracle in a research report on Tuesday. Evercore ISI boosted their price objective on shares of Oracle from $125.00 to $131.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, DA Davidson decreased their price objective on Oracle from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.

Insiders Place Their Bets

In other news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the company’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 transaction, 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 SEC, which is available at this link. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of Oracle stock in a transaction 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 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 SEC, which is available at the SEC website. Also, EVP Maria Smith sold 3,680 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the sale, the executive vice president now owns 16,600 shares of the company’s stock, valued at $1,909,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,949,837 shares of company stock worth $482,142,887. Corporate insiders own 43.70% of the company’s stock.

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.