Nordea Investment Management AB Has $170.47 Million Stock Holdings in Oracle Corporation $ORCL

Key Points

• Nordea Investment Management AB has reduced its stake in Oracle Corporation by 22.9%, now holding $170.47 million in shares after selling 228,325 shares in the second quarter.
• Oracle reported $1.47 EPS for the last quarter, just below the estimated $1.48, with revenues of $14.93 billion, which is a 12.2% increase year-over-year.
• The company announced a quarterly dividend of $0.50 per share, with a dividend yield of 0.7%, to be paid on October 23rd to stockholders of record on October 9th.

Nordea Investment Management AB cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 22.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 769,111 shares of the enterprise software provider's stock after selling 228,325 shares during the quarter. Nordea Investment Management AB's holdings in Oracle were worth $170,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% in 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 in the last quarter. Legend Financial Advisors Inc. bought a new stake in Oracle in the second quarter worth $34,000. Finally, HighMark Wealth Management LLC bought a new stake in Oracle in the second quarter worth $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL opened at $291.95 on Friday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $832.28 billion, a PE ratio of 67.58, a price-to-earnings-growth ratio of 3.37 and a beta of 1.53. The firm has a 50-day moving average price of $271.71 and a 200 day moving average price of $215.37.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same period last year, the company earned $1.39 EPS. The business'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. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's dividend payout ratio (DPR) is presently 46.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Redburn Partners set a $175.00 target price on shares of Oracle in a research note on Thursday, September 25th. Robert W. Baird started coverage on shares of Oracle in a research note on Wednesday, October 8th. They issued an "outperform" rating and a $365.00 target price for the company. Melius Research increased their target price on shares of Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, Bank of America upgraded shares of Oracle from a "neutral" rating to a "buy" rating and increased their target price for the company from $295.00 to $368.00 in a research note on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $323.40.

Insider Activity at Oracle

In other news, insider Michael D. Sicilia sold 33,845 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares of the company's stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William G. Parrett sold 11,500 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the sale, the director directly owned 17,764 shares of the company's stock, valued at approximately $5,435,784. The trade was a 39.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,769 shares of company stock valued at $36,428,967. Insiders own 40.90% of the company's stock.

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.

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