Forsta AP Fonden Sells 5,800 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Forsta AP Fonden reduced its stake in Oracle Corporation by 1.4%, selling 5,800 shares and owning 411,100 shares valued at $57.5 million as of the latest SEC filing.
• Oracle recently reported earnings of $1.70 per share, exceeding estimates, and revenue of $15.90 billion, marking an increase of 11.3% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, representing a 0.8% yield, with a dividend payout ratio of 46.08%.

Forsta AP Fonden decreased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 411,100 shares of the enterprise software provider's stock after selling 5,800 shares during the period. Forsta AP Fonden's holdings in Oracle were worth $57,476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC raised its holdings in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. F M Investments LLC increased its stake in Oracle by 50.6% in the 4th quarter. F M Investments LLC now owns 37,458 shares of the enterprise software provider's stock valued at $6,242,000 after buying an additional 12,589 shares during the last quarter. Scotia Capital Inc. lifted its position in Oracle by 17.0% during the 4th quarter. Scotia Capital Inc. now owns 260,001 shares of the enterprise software provider's stock worth $43,333,000 after buying an additional 37,854 shares in the last quarter. Finally, Redwood Park Advisors LLC acquired a new position in shares of Oracle during the 4th quarter worth about $86,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL traded up $0.65 during midday trading on Friday, reaching $250.04. 8,301,832 shares of the stock were exchanged, compared to its average volume of 10,356,510. The stock's 50 day simple moving average is $222.64 and its 200 day simple moving average is $177.85. The company has a market cap of $702.32 billion, a P/E ratio of 57.61, a PEG ratio of 3.72 and a beta of 1.43. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. 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 dividend payout ratio is currently 46.08%.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% 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 ninety days. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ORCL. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and raised their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Finally, TD Cowen raised their target price on shares of Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday. 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $222.75.

Oracle 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.