Oracle Corporation (NYSE:ORCL) Holdings Trimmed by Swedbank

Swedbank lessened its holdings in shares of Oracle Corporation (NYSE:ORCL) by 19.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,135,302 shares of the enterprise software provider’s stock after selling 987,592 shares during the period. Oracle accounts for approximately 1.2% of Swedbank’s holdings, making the stock its 29th biggest position. Swedbank owned 0.10% of Oracle worth $199,942,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Keel Point LLC increased its position in shares of Oracle by 0.3% during the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after purchasing an additional 14 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in shares of Oracle by 0.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after purchasing an additional 24 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Oracle by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after acquiring an additional 35 shares in the last quarter. Partnervest Advisory Services LLC increased its holdings in Oracle by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC increased its holdings in Oracle by 0.9% in the 2nd quarter. Klingenstein Fields & Co. LLC now owns 6,679 shares of the enterprise software provider’s stock worth $335,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Shares of Oracle Corporation (ORCL) traded up $0.56 during trading on Friday, hitting $49.51. The stock had a trading volume of 15,977,966 shares, compared to its average volume of 18,060,000. The stock has a market capitalization of $206,630.00, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.87 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. Oracle Corporation has a 1 year low of $38.59 and a 1 year high of $53.14.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 1.54%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.

Oracle announced that its Board of Directors has authorized a stock repurchase program on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Several equities research analysts recently issued reports on ORCL shares. Wedbush reissued an “outperform” rating and issued a $58.00 target price on shares of Oracle in a report on Friday, September 15th. UBS Group reaffirmed a “buy” rating and set a $57.00 price objective (up from $52.00) on shares of Oracle in a report on Friday, September 15th. JPMorgan Chase & Co. set a $55.00 price objective on shares of Oracle and gave the company a “buy” rating in a report on Friday, September 15th. Zacks Investment Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Jefferies Group increased their target price on Oracle from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the company. Oracle currently has an average rating of “Buy” and a consensus price target of $55.28.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the transaction, the director now owns 18,125 shares in the company, valued at $885,043.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the transaction, the executive vice president now owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders sold 111,250 shares of company stock worth $5,306,238 in the last quarter. 29.00% of the stock is owned by insiders.

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About Oracle

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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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