DekaBank Deutsche Girozentrale Grows Stake in Oracle Co. (NYSE:ORCL)

DekaBank Deutsche Girozentrale lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,354,438 shares of the enterprise software provider’s stock after purchasing an additional 79,633 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Oracle were worth $228,426,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ORCL. Itau Unibanco Holding S.A. raised its position in shares of Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after purchasing an additional 3,300 shares during the period. Goelzer Investment Management Inc. boosted its holdings in shares of Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 1,500 shares during the period. Buckley Wealth Management LLC grew its position in shares of Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after purchasing an additional 2,870 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after purchasing an additional 7,982 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in Oracle by 7.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after purchasing an additional 8,790 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Monday, September 16th. Evercore ISI increased their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. TD Cowen upped their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $168.52.

Oracle Price Performance

ORCL stock opened at $173.52 on Friday. The firm has a 50-day moving average of $160.15 and a 200 day moving average of $140.31. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $478.20 billion, a P/E ratio of 46.77, a PEG ratio of 3.23 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio is currently 43.13%.

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.