Deutsche Bank AG Sells 244,067 Shares of Oracle Co. (NYSE:ORCL)

Deutsche Bank AG decreased its position in Oracle Co. (NYSE:ORCLFree Report) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,048,172 shares of the enterprise software provider’s stock after selling 244,067 shares during the quarter. Deutsche Bank AG owned approximately 0.15% of Oracle worth $428,782,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Hunter Associates Investment Management LLC increased its stake in shares of Oracle by 5.5% during the third quarter. Hunter Associates Investment Management LLC now owns 8,692 shares of the enterprise software provider’s stock valued at $920,000 after buying an additional 454 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Roffman Miller Associates Inc. PA bought a new stake in Oracle in the third quarter valued at $880,000. Investment House LLC increased its position in Oracle by 2.5% during the 3rd quarter. Investment House LLC now owns 64,853 shares of the enterprise software provider’s stock valued at $6,869,000 after purchasing an additional 1,599 shares during the period. Finally, Greenleaf Trust raised its holdings in Oracle by 2.4% in the 3rd quarter. Greenleaf Trust now owns 72,838 shares of the enterprise software provider’s stock worth $7,715,000 after purchasing an additional 1,706 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 16,300 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $106.02, for a total value of $1,728,126.00. Following the transaction, the director now directly owns 34,771 shares in the company, valued at approximately $3,686,421.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 42.80% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

ORCL stock opened at $116.88 on Monday. The stock has a market capitalization of $321.29 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The stock’s 50 day simple moving average is $108.94 and its 200 day simple moving average is $111.41. Oracle Co. has a 12-month low of $82.04 and a 12-month high of $127.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 18.84.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings data on Monday, December 11th. The enterprise software provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.33 by $0.01. The company had revenue of $12.94 billion during the quarter, compared to the consensus estimate of $13.05 billion. Oracle had a return on equity of 703.26% and a net margin of 19.64%. Oracle’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company earned $1.21 EPS. As a group, research analysts forecast that Oracle Co. will post 4.45 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 11th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. Oracle’s dividend payout ratio (DPR) is 44.20%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. Edward Jones upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. UBS Group decreased their target price on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, December 12th. Wolfe Research dropped their price target on Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Finally, Morgan Stanley decreased their price objective on Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a report on Tuesday, December 12th. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Check Out Our Latest Research Report on Oracle

Oracle Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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