Oracle Co. (NYSE:ORCL) Position Increased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its stake in shares of Oracle Co. (NYSE:ORCL) by 212.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,640 shares of the enterprise software provider’s stock after buying an additional 51,440 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Oracle were worth $12,605,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Activest Wealth Management increased its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares during the period. Second Line Capital LLC grew its position in Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after purchasing an additional 58 shares during the last quarter. Cadence Bank raised its holdings in shares of Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after buying an additional 59 shares during the last quarter. Requisite Capital Management LLC boosted its position in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after buying an additional 60 shares during the period. Finally, McLean Asset Management Corp grew its holdings in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after buying an additional 61 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Piper Sandler increased their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets increased their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

Shares of NYSE:ORCL opened at $168.60 on Tuesday. The company has a market cap of $471.57 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The company’s fifty day moving average is $171.89 and its two-hundred day moving average is $163.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Oracle Co. 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, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

About Oracle

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.