Commerzbank Aktiengesellschaft FI Cuts Stock Position in Oracle Co. (NYSE:ORCL)

Commerzbank Aktiengesellschaft FI decreased its position in shares of Oracle Co. (NYSE:ORCL) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,397 shares of the enterprise software provider’s stock after selling 7,860 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Oracle were worth $22,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Meadow Creek Wealth Advisors LLC raised its stake in Oracle by 10.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 3,332 shares of the enterprise software provider’s stock valued at $568,000 after buying an additional 309 shares during the last quarter. Lazari Capital Management Inc. raised its position in shares of Oracle by 2.8% in the 3rd quarter. Lazari Capital Management Inc. now owns 3,975 shares of the enterprise software provider’s stock valued at $677,000 after purchasing an additional 108 shares during the last quarter. Global X Japan Co. Ltd. raised its position in shares of Oracle by 10.6% in the 3rd quarter. Global X Japan Co. Ltd. now owns 16,223 shares of the enterprise software provider’s stock valued at $2,764,000 after purchasing an additional 1,558 shares during the last quarter. Weaver Capital Management LLC boosted its stake in Oracle by 6.8% in the 3rd quarter. Weaver Capital Management LLC now owns 28,063 shares of the enterprise software provider’s stock worth $4,782,000 after purchasing an additional 1,790 shares in the last quarter. Finally, GAM Holding AG grew its position in Oracle by 1.2% during the 3rd quarter. GAM Holding AG now owns 212,379 shares of the enterprise software provider’s stock worth $36,189,000 after purchasing an additional 2,496 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 0.0 %

Shares of Oracle stock opened at $175.30 on Wednesday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The firm’s 50-day moving average price is $157.93 and its 200 day moving average price is $139.38. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $485.77 billion, a PE ratio of 45.19, a P/E/G ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays lifted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Royal Bank of Canada initiated coverage on Oracle in a research report on Wednesday. They set a “sector perform” rating and a $165.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a report on Monday, September 16th. Finally, JMP Securities upped their target price on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 42.20% of the company’s stock.

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.