Forsta AP Fonden Buys 400 Shares of Oracle Co. (NYSE:ORCL)

Forsta AP Fonden boosted its stake in Oracle Co. (NYSE:ORCL) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 416,900 shares of the enterprise software provider’s stock after purchasing an additional 400 shares during the period. Oracle comprises 0.5% of Forsta AP Fonden’s investment portfolio, making the stock its 27th largest position. Forsta AP Fonden’s holdings in Oracle were worth $69,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ORCL. Principal Financial Group Inc. lifted its holdings in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the period. RMR Wealth Builders raised its holdings in shares of Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after acquiring an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after acquiring an additional 32,718 shares during the period. Chase Investment Counsel Corp bought a new stake in Oracle in the third quarter valued at $4,160,000. Finally, Oppenheimer Asset Management Inc. increased its position in Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after purchasing an additional 126,985 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The shares were 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 approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. BMO Capital Markets upped their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. Cantor Fitzgerald began coverage on shares of Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” 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, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

NYSE ORCL opened at $164.12 on Wednesday. The company has a 50-day moving average price of $173.36 and a 200-day moving average price of $163.03. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $459.04 billion, a P/E ratio of 40.13, a PEG ratio of 3.62 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly 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 business had revenue of $14.06 billion for 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 revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. Equities research analysts anticipate that Oracle Co. will post 5.01 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. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 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.