Skandinaviska Enskilda Banken AB publ Has $73.20 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 47.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,445 shares of the enterprise software provider’s stock after buying an additional 166,855 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Oracle were worth $73,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the last quarter. Capital World Investors boosted its holdings in Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares during the last quarter. PineStone Asset Management Inc. grew its position in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. Parnassus Investments LLC increased its stake in Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after buying an additional 2,191,342 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Oracle by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after buying an additional 2,093,893 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Oracle stock opened at $167.56 on Friday. The firm’s 50 day simple moving average is $141.83 and its 200 day simple moving average is $131.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.99. The firm has a market capitalization of $461.77 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling

In other news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $372,764,079.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,610,402 shares of company stock worth $230,556,257. Insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Morgan Stanley lifted their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Piper Sandler lifted their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $163.88.

Oracle Company Profile

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.