Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,457 shares of the enterprise software provider’s stock after selling 200 shares during the period. Oracle makes up about 1.0% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 18th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Oracle were worth $8,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Evolution Wealth Advisors LLC grew its holdings in shares of Oracle by 346.0% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after acquiring an additional 346 shares during the period. Investors Research Corp acquired a new stake in shares of Oracle in the 1st quarter worth approximately $30,000. Covenant Multifamily Offices LLC acquired a new stake in shares of Oracle in the 1st quarter worth approximately $35,000. ERTS Wealth Advisors LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $36,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $39,000. Institutional investors own 54.26% of the company’s stock.

Shares of ORCL traded up $0.02 during trading hours on Tuesday, hitting $58.08. The stock had a trading volume of 115,299 shares, compared to its average volume of 11,285,391. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $195.15 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.71 and a beta of 1.15. The stock has a fifty day simple moving average of $57.20. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The firm had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. As a group, sell-side analysts expect that Oracle Co. will post 3.5 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.65%. Oracle’s dividend payout ratio (DPR) is 30.38%.

In other Oracle news, EVP W Corey West sold 100,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $58.00, for a total value of $5,800,000.00. Following the transaction, the executive vice president now owns 60,268 shares of the company’s stock, valued at $3,495,544. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 90,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the completion of the transaction, the director now directly owns 82,310 shares in the company, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. Insiders sold 1,356,250 shares of company stock valued at $76,913,375 over the last quarter. Insiders own 32.00% of the company’s stock.

A number of equities research analysts recently weighed in on ORCL shares. Morgan Stanley lowered their price target on Tesla from $97.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 21st. Barclays reiterated a “hold” rating and set a $14.00 target price on shares of MACOM Technology Solutions in a report on Thursday, June 20th. UBS Group lowered their target price on Broadcom from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Wells Fargo & Co reiterated an “outperform” rating on shares of Applied Materials in a report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $54.58.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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