Deutsche Bank AG Has $817.50 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Deutsche Bank AG reduced its stake in Oracle Corporation by 14.3%, holding approximately 5.85 million shares valued at $817.5 million after selling nearly 1 million shares.
• Oracle's shares received multiple upgrades from analysts, with price targets set as high as $250, indicating strong market confidence in the company's performance.
• The company recently paid a quarterly dividend of $0.50 per share, reflecting a dividend yield of 0.8% and a payout ratio of 46.08%.

Deutsche Bank AG lessened its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 14.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,847,204 shares of the enterprise software provider's stock after selling 973,879 shares during the quarter. Deutsche Bank AG owned about 0.21% of Oracle worth $817,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbeam Capital Management LLC bought a new stake in Oracle during the 4th quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC grew its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the fourth quarter valued at $36,000. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. BMO Capital Markets raised their price target on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Royal Bank Of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $222.75.

Insider Buying and Selling at Oracle

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction dated Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the transaction, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 428,303 shares of company stock valued at $82,480,056. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 0.3%

Shares of Oracle stock opened at $256.52 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The company has a market cap of $720.51 billion, a P/E ratio of 59.11, a PEG ratio of 3.81 and a beta of 1.43. The company's fifty day simple moving average is $219.21 and its two-hundred day simple moving average is $176.71.

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

Oracle Announces Dividend

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

Oracle Company Profile

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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