Oracle Corporation (ORCL) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Oracle Corporation (NYSE:ORCL) by 16.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 724,663 shares of the enterprise software provider’s stock after purchasing an additional 99,891 shares during the quarter. Oracle Corporation makes up about 0.7% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 29th biggest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Oracle Corporation were worth $36,335,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Burt Wealth Advisors grew its stake in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. Baystate Wealth Management LLC lifted its holdings in Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares during the period. State of Alaska Department of Revenue purchased a new stake in Oracle Corporation during the second quarter worth $129,000. Finally, Cribstone Capital Management LLC lifted its holdings in Oracle Corporation by 5.0% during the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock worth $131,000 after buying an additional 124 shares during the period. 58.05% of the stock is currently owned by institutional investors.
In other news, EVP Dorian Daley sold 25,776 shares of Oracle Corporation stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the sale, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $912,593.75. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock worth $14,822,112 over the last three months. Corporate insiders own 29.00% of the company’s stock.
Oracle Corporation (ORCL) opened at $49.32 on Monday. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14. The firm has a market cap of $205,836.33, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the company posted $0.55 EPS. The business’s revenue was up 7.0% on a year-over-year basis. sell-side analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is 33.19%.
ORCL has been the subject of a number of analyst reports. Rosenblatt Securities restated a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a report on Monday, September 11th. Vetr lowered Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price for the company. in a report on Tuesday, September 12th. Canaccord Genuity initiated coverage on Oracle Corporation in a report on Friday, October 6th. They set a “buy” rating and a $57.00 target price for the company. BTIG Research restated a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a report on Tuesday, September 19th. Finally, Moffett Nathanson initiated coverage on Oracle Corporation in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price for the company. Twelve analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $55.05.
About Oracle Corporation
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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