Commerzbank Aktiengesellschaft FI Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Commerzbank Aktiengesellschaft FI cut its position in shares of Oracle Co. (NYSE:ORCL) by 5.7% during the third quarter, Holdings Channel.com reports. The firm owned 130,397 shares of the enterprise software provider’s stock after selling 7,860 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Oracle were worth $22,220,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ORCL. Meadow Creek Wealth Advisors LLC raised its position in shares of Oracle by 10.2% during the 3rd 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 period. Lazari Capital Management Inc. increased its stake in Oracle by 2.8% during the third quarter. Lazari Capital Management Inc. now owns 3,975 shares of the enterprise software provider’s stock worth $677,000 after acquiring an additional 108 shares during the last quarter. Global X Japan Co. Ltd. raised its position in Oracle by 10.6% in the third 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 period. Weaver Capital Management LLC lifted its stake in shares of Oracle by 6.8% in the 3rd quarter. Weaver Capital Management LLC now owns 28,063 shares of the enterprise software provider’s stock valued at $4,782,000 after purchasing an additional 1,790 shares during the last quarter. Finally, GAM Holding AG grew its holdings in shares of 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 period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ORCL shares. Citigroup boosted their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Barclays upped their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Guggenheim upped their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Evercore ISI lifted their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Stock Down 0.0 %

Shares of NYSE ORCL opened at $175.30 on Wednesday. The business has a 50-day moving average of $157.93 and a two-hundred day moving average of $139.38. The company has a market capitalization of $485.77 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

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.