Allianz SE Buys 10,016 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Allianz SE increased its stake in Oracle Corporation by 8.5%, acquiring an additional 10,016 shares during the first quarter, bringing its total holdings to 128,418 shares valued at approximately $17.95 million.
• Oracle Corporation reported better-than-expected earnings with an EPS of $1.70 for the last quarter, surpassing estimates, and showed revenue growth of 11.3% year-over-year.
• The company recently declared a quarterly dividend of $0.50 per share, which reflects an annualized dividend yield of 0.8% with a payout ratio of 46.08%.

Allianz SE lifted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,418 shares of the enterprise software provider's stock after purchasing an additional 10,016 shares during the quarter. Allianz SE's holdings in Oracle were worth $17,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Oracle by 0.4% in the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares in the last quarter. Northern Trust Corp boosted its position in shares of Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Oracle by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider's stock valued at $1,340,830,000 after acquiring an additional 335,352 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Oracle by 9.4% in the 4th quarter. Deutsche Bank AG now owns 6,821,083 shares of the enterprise software provider's stock valued at $1,136,665,000 after acquiring an additional 585,560 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 3.7%

Shares of ORCL stock opened at $244.44 on Friday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $686.59 billion, a PE ratio of 56.32, a PEG ratio of 3.65 and a beta of 1.43. The stock has a fifty day simple moving average of $213.55 and a two-hundred day simple moving average of $174.85.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rona Alison Fairhead acquired 480 shares of the company's stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 431,169 shares of company stock worth $82,908,609. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ORCL shares. Jefferies Financial Group upped their price objective on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Guggenheim upped their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Evercore ISI upped their price objective on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Finally, Scotiabank started coverage on Oracle in a research report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $218.29.

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.

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