AMF Pensionsforsakring AB boosted its position in Oracle Co. (NYSE:ORCL) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,476,343 shares of the enterprise software provider’s stock after buying an additional 98,100 shares during the period. Oracle comprises approximately 1.1% of AMF Pensionsforsakring AB’s investment portfolio, making the stock its 18th largest position. AMF Pensionsforsakring AB owned approximately 0.06% of Oracle worth $95,215,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC increased its stake in shares of Oracle by 0.6% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 4,226 shares of the enterprise software provider’s stock valued at $166,000 after buying an additional 25 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Oracle by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock valued at $197,000 after buying an additional 44 shares during the last quarter. Capital Asset Advisory Services LLC increased its stake in shares of Oracle by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock valued at $244,000 after buying an additional 55 shares during the last quarter. Girard Partners LTD. increased its stake in shares of Oracle by 0.6% in the third quarter. Girard Partners LTD. now owns 14,175 shares of the enterprise software provider’s stock valued at $557,000 after buying an additional 88 shares during the last quarter. Finally, Highland Private Wealth Management increased its stake in shares of Oracle by 1.2% in the fourth quarter. Highland Private Wealth Management now owns 7,385 shares of the enterprise software provider’s stock valued at $284,000 after buying an additional 91 shares during the last quarter. Institutional investors own 57.95% of the company’s stock.
Shares of Oracle Co. (NYSE:ORCL) traded down 0.22% during trading on Friday, hitting $44.43. 11,556,016 shares of the company were exchanged. The stock has a market cap of $182.82 billion, a P/E ratio of 21.02 and a beta of 1.14. The company’s 50-day moving average price is $44.06 and its 200 day moving average price is $40.74. Oracle Co. has a 12 month low of $37.62 and a 12 month high of $46.99. Oracle also was the target of some unusual options trading activity on Wednesday. Traders bought 714 put options on the stock. This is an increase of 205% compared to the average daily volume of 234 put options.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The business earned $9.27 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post $2.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. Oracle’s payout ratio is 28.99%.
ORCL has been the topic of several recent analyst reports. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Cowen and Company reiterated an “outperform” rating and issued a $46.00 price target on shares of Oracle in a report on Thursday, February 23rd. Bank of America Corp increased their price objective on Oracle to $54.00 in a research note on Thursday, March 16th. Drexel Hamilton reissued a “buy” rating and issued a $47.00 price objective on shares of Oracle in a research note on Wednesday, January 18th. Finally, Vetr raised Oracle from a “hold” rating to a “buy” rating and set a $47.63 price objective on the stock in a research note on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.89.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $44.00, for a total transaction of $165,000.00. Following the completion of the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $364,364. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark V. Hurd sold 700,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $46.44, for a total transaction of $32,508,000.00. Following the transaction, the chief executive officer now directly owns 903,891 shares of the company’s stock, valued at $41,976,698.04. The disclosure for this sale can be found here. Insiders sold a total of 6,337,240 shares of company stock valued at $286,681,803 over the last ninety days. Company insiders own 29.00% of the company’s stock.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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