Livforsakringsbolaget Skandia Omsesidigt Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 holdings, making the stock its 10th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Oracle were worth $23,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC grew its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Oracle in the 3rd quarter valued at $44,000. Synergy Asset Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth $47,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth $51,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. Mizuho increased 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. KeyCorp lifted their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Piper Sandler lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 0.5 %

NYSE ORCL opened at $172.53 on Friday. The company 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. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The business has a 50 day moving average price of $170.83 and a 200-day moving average price of $164.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date 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%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. 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 currently owned by corporate insiders.

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.