Avanza Fonder AB Sells 6,687 Shares of Oracle Co. (NYSE:ORCL)

Avanza Fonder AB decreased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,411 shares of the enterprise software provider's stock after selling 6,687 shares during the period. Oracle comprises 0.6% of Avanza Fonder AB's portfolio, making the stock its 25th largest holding. Avanza Fonder AB's holdings in Oracle were worth $16,834,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in Oracle during the fourth quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the 4th quarter worth about $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter valued at about $34,000. TFC Financial Management Inc. lifted its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle in the fourth quarter worth approximately $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares of the company's stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of analyst reports. Cantor Fitzgerald reduced their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus cut their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Barclays decreased their price objective on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Westpark Capital assumed coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a "buy" rating and a $195.00 target price on the stock. Finally, Mizuho reduced their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $177.35.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.46 during mid-day trading on Tuesday, hitting $177.61. The company had a trading volume of 11,039,682 shares, compared to its average volume of 9,517,058. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31. The firm has a market cap of $496.77 billion, a P/E ratio of 43.43, a PEG ratio of 3.46 and a beta of 1.32. The business's 50-day simple moving average is $147.83 and its 200-day simple moving average is $160.13. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

About Oracle

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.