Avanza Fonder AB Sells 11,674 Shares of Oracle Corporation $ORCL

Key Points

• Avanza Fonder AB has decreased its holdings in Oracle Corporation by 10.1%, selling 11,674 shares, bringing its total ownership to 103,737 shares worth approximately $22.68 million.
• Other institutional investors have also made significant changes, with Nuveen LLC acquiring a new position worth around $732.69 million and GAMMA Investing LLC increasing its stake by over 15,000% in the first quarter.
• Oracle reported quarterly earnings of $1.47 per share, missing estimates, and set a dividend of $0.50, representing a 0.6% yield on its shares.

Avanza Fonder AB lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,737 shares of the enterprise software provider's stock after selling 11,674 shares during the quarter. Oracle makes up approximately 0.7% of Avanza Fonder AB's investment portfolio, making the stock its 19th largest position. Avanza Fonder AB's holdings in Oracle were worth $22,680,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the first quarter valued at about $27,000. Inlight Wealth Management LLC bought a new position in Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC grew its holdings in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in Oracle during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE ORCL traded up $12.56 during midday trading on Friday, reaching $309.18. The company's stock had a trading volume of 40,475,718 shares, compared to its average volume of 29,628,284. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The business's 50 day moving average price is $251.63 and its two-hundred day moving average price is $195.70. The company has a market cap of $878.60 billion, a P/E ratio of 71.57, a P/E/G ratio of 3.34 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. Oracle's payout ratio is currently 46.30%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. KeyCorp lifted their price target on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. BNP Paribas set a $377.00 price objective on Oracle in a report on Wednesday, September 10th. Barclays boosted their price objective on Oracle from $221.00 to $281.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Melius Research boosted their price objective on Oracle from $270.00 to $370.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Cantor Fitzgerald boosted their price objective on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $303.44.

Insider Buying and Selling

In other Oracle news, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The shares were bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,247 shares of company stock valued at $22,090,505 over the last quarter. 42.20% of the stock is currently owned by company insiders.

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.