Skandinaviska Enskilda Banken AB publ Sells 4,613 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Skandinaviska Enskilda Banken AB reduced its position in Oracle Corporation by 1.1%, holding 422,667 shares valued at approximately $59 million as of the latest SEC filing.
• Oracle's quarterly earnings showed an EPS of $1.70, beating the consensus estimate of $1.64, alongside a revenue of $15.90 billion.
• Numerous institutional investors have modified their stakes in Oracle, with hedge funds currently owning 42.44% of the stock, indicating significant institutional interest.

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 422,667 shares of the enterprise software provider's stock after selling 4,613 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Oracle were worth $59,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Syntax Research Inc. acquired a new position in Oracle in the 1st quarter valued at $1,538,000. Phoenix Financial Ltd. boosted its holdings in Oracle by 64.8% in the 1st quarter. Phoenix Financial Ltd. now owns 961,490 shares of the enterprise software provider's stock valued at $134,470,000 after purchasing an additional 377,917 shares during the period. Equitable Trust Co. boosted its holdings in Oracle by 74.4% in the 1st quarter. Equitable Trust Co. now owns 62,209 shares of the enterprise software provider's stock valued at $8,697,000 after purchasing an additional 26,544 shares during the period. Caliber Wealth Management LLC KS bought a new stake in Oracle in the 1st quarter valued at $584,000. Finally, Trilogy Capital Inc. boosted its holdings in Oracle by 2.3% in the 1st quarter. Trilogy Capital Inc. now owns 4,548 shares of the enterprise software provider's stock valued at $636,000 after purchasing an additional 104 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL traded up $2.22 during midday trading on Friday, hitting $245.05. The company had a trading volume of 7,146,126 shares, compared to its average volume of 13,472,494. 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 company has a market capitalization of $688.31 billion, a PE ratio of 56.46, a P/E/G ratio of 3.62 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $251.60. The firm's 50-day simple moving average is $204.42 and its 200-day simple moving average is $171.59.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm 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 company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. Equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ORCL shares. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Bank of America increased their price target on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and raised their price objective for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Finally, JMP Securities raised their price objective on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a report on Friday, July 18th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The shares were 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 $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 448,669 shares of company stock worth $85,555,309 over the last 90 days. 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.