Oracle Corporation $ORCL Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has significantly reduced its stake in Oracle Corporation by 80.5%, now holding 22,538 shares worth approximately $4.9 million.
• Several institutional investors, including Vanguard Group Inc. and Amundi, have increased their positions in Oracle, indicating a mixed sentiment among shareholders.
• Wall Street analysts have boosted their price targets for Oracle, with a range between $306 and $400, reflecting a generally positive outlook for the company's stock performance.

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 80.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,538 shares of the enterprise software provider's stock after selling 92,850 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Oracle were worth $4,927,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the period. Northern Trust Corp raised its position in shares of Oracle by 0.6% during the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after buying an additional 120,889 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Oracle by 0.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock valued at $1,941,195,000 after buying an additional 59,164 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after buying an additional 2,350,448 shares during the period. Finally, Amundi raised its position in shares of Oracle by 3.3% during the 1st quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock valued at $1,749,280,000 after buying an additional 409,691 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. Cantor Fitzgerald lifted their price target on shares of Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Wolfe Research boosted their target price on Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Melius Research boosted their target price on Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Mizuho boosted their target price on Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Finally, Berenberg Bank boosted their target price on Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $303.44.

Insider Activity

In other news, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, 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. In the last three months, insiders have sold 29,183 shares of company stock worth $7,141,698. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Up 3.4%

ORCL opened at $302.10 on Tuesday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The business has a fifty day moving average price of $246.08 and a 200 day moving average price of $191.63. The stock has a market capitalization of $858.48 billion, a price-to-earnings ratio of 69.93, a PEG ratio of 3.16 and a beta of 1.46. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.

Oracle Announces Dividend

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

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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