Alecta Tjanstepension Omsesidigt Has $116.45 Million Position in Oracle Corporation (NYSE:ORCL)

Alecta Tjanstepension Omsesidigt boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 362.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 833,000 shares of the enterprise software provider's stock after buying an additional 653,000 shares during the quarter. Alecta Tjanstepension Omsesidigt's holdings in Oracle were worth $116,453,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new position in Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the first quarter valued at $28,000. Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter valued at about $30,000. Finally, Hurley Capital LLC bought a new position in shares of Oracle during the fourth quarter valued at about $33,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Westpark Capital upped their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. TD Cowen raised their price objective on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $218.29.

Insider Buying and Selling at Oracle

In related news, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the transaction, the director owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of Oracle stock traded down $4.13 during trading on Tuesday, hitting $239.41. 5,310,941 shares of the company's stock traded hands, compared to its average volume of 10,339,336. The business has a 50-day simple moving average of $196.21 and a 200-day simple moving average of $168.97. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $251.60. The stock has a market capitalization of $672.47 billion, a P/E ratio of 55.18, a PEG ratio of 3.66 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 EPS. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

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.

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