Handelsbanken Fonder AB Has $92.52 Million Stake in Oracle Co. (NYSE:ORCL)

Handelsbanken Fonder AB lessened its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 661,760 shares of the enterprise software provider's stock after selling 64,358 shares during the period. Handelsbanken Fonder AB's holdings in Oracle were worth $92,521,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ORCL. Sunbeam Capital Management LLC acquired a new position in Oracle during the 4th quarter worth $30,000. Hurley Capital LLC bought a new position in shares of Oracle in the fourth quarter worth about $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter worth about $34,000. TFC Financial Management Inc. boosted its stake in 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 purchasing an additional 120 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Oracle stock traded up $15.68 on Friday, reaching $215.54. The company's stock had a trading volume of 53,639,099 shares, compared to its average volume of 9,727,755. The business's fifty day moving average price is $152.88 and its 200 day moving average price is $160.62. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $216.46.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) 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 analysts' expectations of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 earnings per share. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business 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. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. Oracle's dividend payout ratio (DPR) is currently 46.95%.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,366 shares of company stock valued at $80,183,723 over the last quarter. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ORCL shares. Mizuho reduced their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Cantor Fitzgerald reduced their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Westpark Capital raised their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group lifted their target price on Oracle from $145.00 to $195.00 and gave the stock a "neutral" rating in a research report on Friday. Twelve equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $194.32.

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.