Swedbank AB Grows Stock Position in Oracle Corporation $ORCL

Swedbank AB boosted its position in Oracle Corporation (NYSE:ORCLFree Report) by 27.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,511,591 shares of the enterprise software provider’s stock after buying an additional 766,469 shares during the quarter. Oracle makes up about 0.7% of Swedbank AB’s holdings, making the stock its 29th largest position. Swedbank AB’s holdings in Oracle were worth $684,444,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Oracle by 6.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,653,404 shares of the enterprise software provider’s stock worth $715,008,000 after buying an additional 233,230 shares during the last quarter. BOKF NA grew its position in shares of Oracle by 2.6% in the fourth quarter. BOKF NA now owns 75,985 shares of the enterprise software provider’s stock valued at $14,810,000 after purchasing an additional 1,945 shares in the last quarter. AssuredPartners Investment Advisors LLC boosted its stake in Oracle by 26.4% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 6,715 shares of the enterprise software provider’s stock valued at $1,309,000 after buying an additional 1,404 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Oracle by 1.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 283,211 shares of the enterprise software provider’s stock valued at $55,198,000 after buying an additional 2,945 shares during the period. Finally, Garner Asset Management Corp bought a new stake in Oracle during the fourth quarter valued at $82,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 2.8%

NYSE ORCL opened at $185.42 on Wednesday. Oracle Corporation has a 1-year low of $134.57 and a 1-year high of $345.72. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.66. The stock has a 50-day moving average of $155.71 and a 200-day moving average of $187.37. The firm has a market cap of $533.29 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.55.

Oracle (NYSE:ORCLGet Free Report) last released its earnings results on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.08. Oracle had a return on equity of 62.70% and a net margin of 25.30%.The company had revenue of $17.19 billion during the quarter, compared to analyst estimates of $16.91 billion. During the same quarter in the previous year, the company posted $1.47 EPS. Oracle’s revenue for the quarter was up 21.7% on a year-over-year basis. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. As a group, sell-side analysts forecast that Oracle Corporation will post 6.08 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Thursday, April 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. Oracle’s dividend payout ratio is presently 35.91%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Melius Research set a $160.00 price target on Oracle in a research note on Monday, February 9th. Guggenheim reaffirmed a “buy” rating and set a $400.00 price target on shares of Oracle in a research note on Friday, March 13th. Sanford C. Bernstein set a $313.00 price target on Oracle in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Oracle from $375.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Finally, Citizens Jmp dropped their price target on Oracle from $342.00 to $285.00 and set a “market outperform” rating for the company in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $259.56.

View Our Latest Research Report on ORCL

Key Stories Impacting Oracle

Here are the key news stories impacting Oracle this week:

Insider Buying and Selling

In other Oracle news, CEO Clayton M. Magouyrk sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $155.23, for a total transaction of $1,552,300.00. Following the completion of the transaction, the chief executive officer owned 134,030 shares of the company’s stock, valued at $20,805,476.90. This represents a 6.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stuart Levey sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $176.19, for a total value of $2,642,850.00. Following the transaction, the executive vice president directly owned 3,429 shares of the company’s stock, valued at $604,155.51. The trade was a 81.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.90% of the company’s stock.

About Oracle

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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