Flossbach Von Storch SE Purchases 1,460 Shares of Oracle Corporation (NYSE:ORCL)

Flossbach Von Storch SE increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 82.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,230 shares of the enterprise software provider's stock after buying an additional 1,460 shares during the quarter. Flossbach Von Storch SE's holdings in Oracle were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its position in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares during the period. Rockland Trust Co. boosted its holdings in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after buying an additional 467 shares during the period. Calamos Advisors LLC grew its stake in Oracle by 1.5% in the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after buying an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC raised its holdings in Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after acquiring an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. purchased a new stake in shares of Oracle during the fourth quarter worth $211,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 450,366 shares of company stock valued at $85,433,503 over the last ninety days. 42.20% of the stock is owned by insiders.

Oracle Stock Up 0.8%

ORCL traded up $1.97 during trading on Wednesday, hitting $236.47. 10,824,366 shares of the company's stock traded hands, compared to its average volume of 10,235,001. The stock has a market capitalization of $664.20 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 3.48 and a beta of 1.39. The company's 50 day simple moving average is $181.86 and its two-hundred day simple moving average is $165.14. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. 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 (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. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. Analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. Oracle's payout ratio is 46.08%.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Royal Bank Of Canada increased their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Piper Sandler restated a "neutral" rating and issued a $130.00 price objective on shares of Oracle in a research report on Wednesday, June 11th. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Guggenheim increased their target price on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle 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.