Avanza Fonder AB Has $16.83 Million Stock Position in Oracle Co. (NYSE:ORCL)

Avanza Fonder AB lessened its stake in Oracle Co. (NYSE:ORCL) by 5.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,411 shares of the enterprise software provider’s stock after selling 6,687 shares during the quarter. Oracle comprises 0.6% of Avanza Fonder AB’s investment portfolio, making the stock its 25th biggest position. Avanza Fonder AB’s holdings in Oracle were worth $16,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the fourth quarter valued at $30,000. Hurley Capital LLC purchased a new position in Oracle during the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC purchased a new position in Oracle during the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. grew its stake in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald dropped their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday. Guggenheim reissued a “buy” rating and issued a $220.00 price objective on shares of Oracle in a report on Thursday, June 5th. Finally, BMO Capital Markets raised their target price on shares of Oracle from $175.00 to $200.00 and gave the stock a “market perform” rating in a research note on Monday. Thirteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $177.35.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 in the last ninety days. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $177.19 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $495.60 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 3.46 and a beta of 1.32. The stock’s fifty day simple moving average is $147.83 and its 200 day simple moving average is $160.13. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle 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.