DJE Kapital AG Takes $68.16 Million Position in Oracle Co. (NYSE:ORCL)

DJE Kapital AG purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 412,583 shares of the enterprise software provider’s stock, valued at approximately $68,161,000. Oracle comprises approximately 1.6% of DJE Kapital AG’s holdings, making the stock its 24th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Wealth Group Ltd. bought a new position in Oracle during the third quarter valued at approximately $222,000. Howard Capital Management Group LLC lifted its position in Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares during the period. Chicago Partners Investment Group LLC lifted its position in Oracle by 8.4% during the third quarter. Chicago Partners Investment Group LLC now owns 19,300 shares of the enterprise software provider’s stock valued at $3,341,000 after purchasing an additional 1,500 shares during the period. Princeton Global Asset Management LLC lifted its position in Oracle by 2.8% during the third quarter. Princeton Global Asset Management LLC now owns 44,416 shares of the enterprise software provider’s stock valued at $7,568,000 after purchasing an additional 1,229 shares during the period. Finally, Clear Creek Financial Management LLC lifted its position in Oracle by 4.6% during the third quarter. Clear Creek Financial Management LLC now owns 1,579 shares of the enterprise software provider’s stock valued at $269,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on ORCL shares. Citigroup increased their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Stifel Nicolaus increased their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Finally, Piper Sandler increased their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

ORCL opened at $166.09 on Monday. The stock has a market capitalization of $464.55 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 3.46 and a beta of 1.05. The company has a fifty day moving average of $168.93 and a 200 day moving average of $168.83. Oracle Co. has a fifty-two week low of $110.36 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.96%. Oracle’s payout ratio is 39.12%.

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.