Commerzbank Aktiengesellschaft FI Has $50.41 Million Stake in Oracle Corporation (NYSE:ORCL)

Commerzbank Aktiengesellschaft FI grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 171.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,587 shares of the enterprise software provider's stock after acquiring an additional 227,755 shares during the quarter. Oracle comprises approximately 1.2% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 27th largest holding. Commerzbank Aktiengesellschaft FI's holdings in Oracle were worth $50,414,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Greenwood Gearhart Inc. grew its holdings in shares of Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares during the period. WorthPointe LLC raised its stake in shares of Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after purchasing an additional 67 shares during the period. Stage Harbor Financial LLC boosted its stake in shares of Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after buying an additional 68 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after buying an additional 70 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. boosted its stake in shares of Oracle by 1.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock valued at $691,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORCL. Bank of America increased their target price on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. CIBC reiterated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Evercore ISI increased their target price on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Oracle Price Performance

NYSE:ORCL traded down $3.45 during mid-day trading on Friday, reaching $245.30. 9,671,806 shares of the stock were exchanged, compared to its average volume of 10,336,034. The business has a fifty day moving average price of $194.31 and a 200 day moving average price of $168.39. The firm has a market capitalization of $689.01 billion, a PE ratio of 56.52, a PEG ratio of 3.61 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $251.60. 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 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the company earned $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. Research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Oracle's payout ratio is presently 46.08%.

Insider Activity

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 448,669 shares of company stock worth $85,555,309. Corporate insiders own 42.20% of the company's stock.

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.