Raiffeisen Bank International AG Acquires 21,777 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Raiffeisen Bank International AG increased its stake in Oracle Corporation by 10.8%, acquiring an additional 21,777 shares, bringing its total holdings to 223,615 shares valued at approximately $31.5 million.
• Multiple hedge funds have increased their stakes in Oracle, with notable expansions from FMR LLC, Northern Trust Corp, and UBS AM, reflecting growing institutional interest in the company.
• Oracle's stock recently experienced a 3.7% decline, and the company reported earnings that exceeded analysts' expectations, with a net margin of 21.68% and a quarterly revenue of $15.9 billion.

Raiffeisen Bank International AG boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 10.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,615 shares of the enterprise software provider's stock after purchasing an additional 21,777 shares during the period. Raiffeisen Bank International AG's holdings in Oracle were worth $31,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its stake in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after acquiring an additional 156,269 shares during the last quarter. Northern Trust Corp increased its position in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Oracle by 20.5% during the fourth 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 worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Dimensional Fund Advisors LP increased its position in Oracle by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider's stock worth $1,340,830,000 after acquiring an additional 335,352 shares during the period. Finally, Deutsche Bank AG increased its holdings 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 buying an additional 585,560 shares during the period. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on 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 sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 431,169 shares of company stock worth $82,908,609 in the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Down 3.7%

Shares of NYSE ORCL opened at $244.44 on Friday. The company has a market capitalization of $686.59 billion, a P/E ratio of 56.32, a price-to-earnings-growth ratio of 3.65 and a beta of 1.43. 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 company's 50 day moving average price is $213.55 and its 200-day moving average price is $174.85.

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, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. Equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on ORCL. BMO Capital Markets raised their target price on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Guggenheim raised 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. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Barclays reissued an "overweight" rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Finally, Bank of America lifted their price target on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $218.29.

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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