Tredje AP fonden Buys 3,549 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Tredje AP fonden increased its stake in Oracle Corporation by 1.7%, acquiring an additional 3,549 shares, bringing its total holdings to 214,550 shares valued at nearly $30 million.
• Oracle reported a Q1 earnings per share (EPS) of $1.70, exceeding analyst expectations, with revenues reaching $15.9 billion, a growth of 11.3% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 0.80%.

Tredje AP fonden grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,550 shares of the enterprise software provider's stock after acquiring an additional 3,549 shares during the period. Tredje AP fonden's holdings in Oracle were worth $29,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter valued at about $28,000. Iron Horse Wealth Management LLC grew its position 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 valued at $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $30,000. Finally, Hurley Capital LLC acquired a new stake in Oracle during the 4th quarter valued at approximately $33,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank Of Canada lifted their price target on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Scotiabank started coverage on Oracle in a research report on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price target for the company. DA Davidson upped their target price on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. KeyCorp increased their target price on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $218.29.

Insider Buying and Selling at Oracle

In related news, 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 transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This trade represents a 9.51% 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, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock valued at $85,555,309 over the last three months. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.56 during trading on Wednesday, reaching $250.54. The stock had a trading volume of 8,386,083 shares, compared to its average volume of 11,441,882. The firm has a market capitalization of $703.72 billion, a price-to-earnings ratio of 57.73, a P/E/G ratio of 3.73 and a beta of 1.39. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $253.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a fifty day simple moving average of $209.84 and a two-hundred day simple moving average of $173.44.

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 (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. As a group, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

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.