Oracle Co. (ORCL) Position Increased by AMF Pensionsforsakring AB

AMF Pensionsforsakring AB increased its stake in shares of Oracle Co. (NYSE:ORCL) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,273,248 shares of the enterprise software provider’s stock after buying an additional 23,036 shares during the period. Oracle comprises 1.6% of AMF Pensionsforsakring AB’s portfolio, making the stock its 9th largest holding. AMF Pensionsforsakring AB owned 0.08% of Oracle worth $149,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Tarbox Family Office Inc. raised its position in Oracle by 71.1% during the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares during the last quarter. Cpwm LLC raised its position in Oracle by 6.0% during the fourth quarter. Cpwm LLC now owns 17,625 shares of the enterprise software provider’s stock worth $833,000 after acquiring an additional 1,001 shares during the last quarter. Pillar Pacific Capital Management LLC raised its position in Oracle by 0.6% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 180,430 shares of the enterprise software provider’s stock worth $8,531,000 after acquiring an additional 1,017 shares during the last quarter. Butensky & Cohen Financial Security Inc. raised its position in Oracle by 2.7% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 40,265 shares of the enterprise software provider’s stock worth $1,904,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Timber Creek Capital Management LLC raised its position in Oracle by 1.1% during the fourth quarter. Timber Creek Capital Management LLC now owns 92,267 shares of the enterprise software provider’s stock worth $4,362,000 after acquiring an additional 1,045 shares during the last quarter. 56.43% of the stock is currently owned by hedge funds and other institutional investors.

ORCL has been the subject of a number of research reports. Morgan Stanley restated a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. Vetr upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $51.77 target price for the company in a research report on Monday, February 5th. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group restated a “buy” rating and set a $62.00 target price on shares of Oracle in a research report on Sunday, February 18th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $55.00 target price on shares of Oracle in a research report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.30.

ORCL opened at $46.72 on Friday. The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16. Oracle Co. has a 52-week low of $43.74 and a 52-week high of $53.48. The company has a market cap of $191.50 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.71 and a beta of 1.15.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The company had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. Oracle’s revenue for the quarter was up 5.4% on a year-over-year basis. research analysts predict that Oracle Co. will post 2.76 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has authorized a stock repurchase plan on Friday, February 2nd that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

In other news, insider Thomas Kurian sold 979,402 shares of the company’s stock in a transaction on Friday, May 4th. The shares were sold at an average price of $45.40, for a total value of $44,464,850.80. Following the completion of the transaction, the insider now directly owns 114,871 shares in the company, valued at $5,215,143.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $945,943.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,557,015 shares of company stock valued at $117,480,315. 29.00% of the stock is owned by insiders.

About Oracle

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

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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