Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stock Position in Oracle Co. (NYSE:ORCL)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 292,068 shares of the enterprise software provider’s stock after selling 12,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Oracle were worth $48,670,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Forvis Mazars Wealth Advisors LLC raised its stake in shares of Oracle by 6.7% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 48,008 shares of the enterprise software provider’s stock worth $8,000,000 after buying an additional 3,023 shares in the last quarter. Howard Capital Management Inc. increased its stake in Oracle by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 10,013 shares of the enterprise software provider’s stock valued at $1,669,000 after purchasing an additional 517 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Oracle by 4.0% in the 4th quarter. Wealthspire Advisors LLC now owns 21,781 shares of the enterprise software provider’s stock valued at $3,630,000 after purchasing an additional 835 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in Oracle by 60.2% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,756 shares of the enterprise software provider’s stock valued at $293,000 after purchasing an additional 660 shares in the last quarter. Finally, New England Capital Financial Advisors LLC increased its stake in Oracle by 6.4% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after purchasing an additional 64 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ORCL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler raised their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Evercore ISI increased their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by insiders.

Oracle Trading Down 4.6 %

Shares of ORCL opened at $167.92 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $469.66 billion, a P/E ratio of 41.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. The stock’s fifty day simple moving average is $168.99 and its 200 day simple moving average is $167.29. Oracle Co. has a twelve month low of $109.66 and a twelve month high of $198.31.

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

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

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.