Forsta AP Fonden Has $27.14 Million Holdings in Oracle Co. (NYSE:ORCL)

Forsta AP Fonden cut its stake in shares of Oracle Co. (NYSE:ORCLGet Rating) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 328,000 shares of the enterprise software provider’s stock after selling 46,700 shares during the period. Forsta AP Fonden’s holdings in Oracle were worth $27,135,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Evolution Advisers Inc. bought a new stake in shares of Oracle in the fourth quarter valued at about $33,000. Steward Financial Group LLC bought a new stake in shares of Oracle in the first quarter valued at about $33,000. Bivin & Associates Inc. bought a new stake in shares of Oracle in the fourth quarter valued at about $35,000. Outfitter Financial LLC bought a new stake in shares of Oracle in the fourth quarter valued at about $43,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Oracle in the fourth quarter valued at about $43,000. 42.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Barclays set a $82.00 target price on Oracle in a report on Tuesday, June 14th. BMO Capital Markets dropped their target price on Oracle from $92.00 to $86.00 in a report on Tuesday, June 14th. Cowen dropped their target price on Oracle from $107.00 to $98.00 and set an “outperform” rating on the stock in a report on Thursday, June 9th. UBS Group set a $75.00 target price on Oracle in a report on Tuesday, June 14th. Finally, Credit Suisse Group set a $115.00 target price on Oracle in a report on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.95.

Oracle Stock Down 0.5 %

Oracle stock traded down $0.41 during trading hours on Friday, reaching $76.99. 162,079 shares of the company’s stock were exchanged, compared to its average volume of 6,056,120. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34. The firm has a market capitalization of $205.17 billion, a PE ratio of 32.25, a PEG ratio of 2.18 and a beta of 0.87. The firm’s 50 day simple moving average is $71.61 and its 200 day simple moving average is $75.63.

Oracle (NYSE:ORCLGet Rating) last released its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The business had revenue of $11.84 billion during the quarter, compared to the consensus estimate of $11.65 billion. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. Analysts anticipate that Oracle Co. will post 4.43 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th were paid a $0.32 dividend. The ex-dividend date was Monday, July 11th. This represents a $1.28 annualized dividend and a yield of 1.66%. Oracle’s dividend payout ratio is currently 53.33%.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $74,800,247.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total value of $66,870,000.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 419,174 shares of the company’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, the insider now directly owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The disclosure for this sale can be found here. Insiders sold a total of 3,399,174 shares of company stock worth $232,369,224 in the last quarter. 39.10% of the stock is owned by company insiders.

Oracle Company Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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