Fjarde AP Fonden Fourth Swedish National Pension Fund Has $35.90 Million Position in Oracle Corporation (NYSE:ORCL)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Oracle Corporation by 12.1%, selling 35,300 shares and now holding 256,768 shares valued at approximately $35.9 million.
• Oracle's recent earnings report showed earnings per share of $1.70, surpassing expectations of $1.64, alongside a revenue increase to $15.90 billion, indicating strong financial performance.
• The company declared a quarterly dividend of $0.50, reflecting a 0.8% yield, with a payout ratio of 46.08%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 12.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 256,768 shares of the enterprise software provider's stock after selling 35,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Oracle were worth $35,899,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the 1st quarter worth $28,000. Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% during the 1st 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. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% 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, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction dated 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 directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 over the last 90 days. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and upped their price objective for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Citigroup raised shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. BMO Capital Markets raised their price target on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. TD Cowen raised their price target on shares of Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Westpark Capital raised their price target on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $227.04.

Oracle Stock Performance

ORCL traded up $3.52 during trading on Friday, hitting $248.48. The stock had a trading volume of 11,535,891 shares, compared to its average volume of 9,821,110. The firm has a market cap of $697.94 billion, a PE ratio of 57.25, a P/E/G ratio of 3.66 and a beta of 1.43. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a 50 day simple moving average of $229.06 and a 200-day simple moving average of $179.81.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The business's revenue was up 11.3% compared to the same quarter last year. Analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's payout ratio is presently 46.08%.

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.