DekaBank Deutsche Girozentrale Trims Stock Position in Oracle Corporation (NYSE:ORCL)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,326,530 shares of the enterprise software provider's stock after selling 27,908 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Oracle were worth $181,846,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. FMR LLC increased its stake in Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after purchasing an additional 619,619 shares during the last quarter. Franklin Resources Inc. grew its position in Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp grew its position in 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. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 value of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 450,366 shares of company stock worth $85,433,503. Corporate insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of NYSE:ORCL traded up $2.36 during trading on Tuesday, reaching $234.62. The stock had a trading volume of 20,331,415 shares, compared to its average volume of 10,226,027. 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 business has a fifty day moving average price of $179.98 and a 200-day moving average price of $164.65. The stock has a market cap of $659.01 billion, a PE ratio of 54.06, a PEG ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.18.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 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 the consensus estimate of $15.58 billion. During the same quarter last year, the business posted $1.63 earnings per share. The firm's revenue was up 11.3% compared to the same quarter last year. On average, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on ORCL. UBS Group set a $250.00 price objective on shares of Oracle and gave the company a "buy" rating in a report on Wednesday, June 25th. DA Davidson upped their price objective on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Cantor Fitzgerald decreased their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.15.

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.