E. Ohman J or Asset Management AB Sells 4,400 Shares of Oracle Co. (NYSE:ORCL)

by · The Markets Daily

E. Ohman J or Asset Management AB decreased its stake in shares of Oracle Co. (NYSE:ORCL – Free Report) by 15.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,200 shares of the enterprise software provider’s stock after selling 4,400 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Oracle were worth $4,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Vanguard Group Inc. increased its stake in Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after acquiring an additional 1,514,569 shares during the last quarter. Capital World Investors increased its position in Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after purchasing an additional 82,551 shares during the last quarter. Legal & General Group Plc raised its stake in Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares in the last quarter. Janus Henderson Group PLC lifted its position in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Oracle by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after buying an additional 424,500 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORCL. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Morgan Stanley raised their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Guggenheim boosted their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $168.52.

View Our Latest Analysis on ORCL

Oracle Trading Up 0.7 %

NYSE:ORCL opened at $174.38 on Friday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50-day simple moving average of $158.68 and a 200-day simple moving average of $139.61. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The firm has a market cap of $483.22 billion, a P/E ratio of 44.94, a P/E/G ratio of 3.23 and a beta of 1.01.

Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by company insiders.

About Oracle

(Free Report)

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.

Further Reading

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