Deutsche Bank AG Raises Stock Position in Oracle Co. (NYSE:ORCL)

Deutsche Bank AG grew its holdings in Oracle Co. (NYSE:ORCL) by 9.4% in the 4th quarter, HoldingsChannel reports. The firm owned 6,821,083 shares of the enterprise software provider’s stock after purchasing an additional 585,560 shares during the quarter. Deutsche Bank AG’s holdings in Oracle were worth $1,136,665,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. R Squared Ltd purchased a new position in Oracle in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC lifted its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC purchased a new position in Oracle in the fourth quarter valued at $34,000. Finally, TFC Financial Management Inc. raised its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 1.1 %

Shares of Oracle stock opened at $149.29 on Thursday. The company has a 50-day moving average of $142.49 and a two-hundred day moving average of $163.36. The stock has a market cap of $417.56 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the business posted $1.41 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORCL. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. BMO Capital Markets dropped their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. Westpark Capital assumed coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a “buy” rating and a $195.00 price objective for the company. Evercore ISI dropped their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.42.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares of the company’s stock, valued at $4,749,670.92. This represents a 8.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by corporate insiders.

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.