KLP Kapitalforvaltning AS Has $80.55 Million Stock Position in Oracle Corporation (NYSE:ORCL)

KLP Kapitalforvaltning AS raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,122 shares of the enterprise software provider's stock after purchasing an additional 13,400 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Oracle were worth $80,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Oracle by 71.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after buying an additional 107,404 shares in the last quarter. Rockland Trust Co. lifted its holdings in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after purchasing an additional 467 shares in the last quarter. Calamos Advisors LLC lifted its holdings in shares of Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after purchasing an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC lifted its holdings in shares of Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after purchasing an additional 3,299 shares in the last quarter. Finally, Peak Retirement Planning Inc. purchased a new stake in shares of Oracle during the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ORCL. Mizuho reduced their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group restated a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday. TD Cowen upped their price objective on Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, BMO Capital Markets upped their price objective on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $5.17 on Tuesday, hitting $238.37. 11,355,365 shares of the company were exchanged, compared to its average volume of 10,382,317. The company's 50 day moving average price is $196.21 and its two-hundred day moving average price is $168.97. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $669.53 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 3.63 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm earned $1.63 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Insider Transactions at Oracle

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of the business's stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 448,669 shares of company stock worth $85,555,309. Corporate insiders own 42.20% of the company's stock.

Oracle Company 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.