Oracle Co. (NYSE:ORCL) Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its stake in shares of Oracle Co. (NYSE:ORCLGet Rating) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,695 shares of the enterprise software provider’s stock after purchasing an additional 12,246 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Oracle were worth $9,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ulland Investment Advisors LLC lifted its holdings in Oracle by 469.0% during the 1st quarter. Ulland Investment Advisors LLC now owns 404 shares of the enterprise software provider’s stock worth $33,000 after buying an additional 333 shares during the last quarter. Heritage Financial Services LLC purchased a new stake in Oracle during the 2nd quarter worth about $67,000. Investors Research Corp lifted its holdings in Oracle by 102.4% during the 2nd quarter. Investors Research Corp now owns 1,012 shares of the enterprise software provider’s stock worth $71,000 after buying an additional 512 shares during the last quarter. Curi Wealth Management LLC lifted its holdings in Oracle by 16.4% during the 2nd quarter. Curi Wealth Management LLC now owns 1,081 shares of the enterprise software provider’s stock worth $76,000 after buying an additional 152 shares during the last quarter. Finally, Trustcore Financial Services LLC lifted its holdings in Oracle by 107.2% during the 1st quarter. Trustcore Financial Services LLC now owns 947 shares of the enterprise software provider’s stock worth $78,000 after buying an additional 490 shares during the last quarter. 41.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael J. Boskin sold 90,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $80.08, for a total value of $7,207,200.00. Following the sale, the director now owns 82,607 shares in the company, valued at approximately $6,615,168.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Michael J. Boskin sold 90,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $80.08, for a total value of $7,207,200.00. Following the sale, the director now owns 82,607 shares of the company’s stock, valued at approximately $6,615,168.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward Screven sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $74.90, for a total value of $14,980,000.00. Following the completion of the sale, the insider now directly owns 2,543,033 shares in the company, valued at approximately $190,473,171.70. The disclosure for this sale can be found here. Insiders own 43.70% of the company’s stock.

Oracle Price Performance

NYSE ORCL traded up $0.44 on Thursday, hitting $82.56. 6,347,899 shares of the company’s stock were exchanged, compared to its average volume of 7,670,685. The firm’s 50-day moving average price is $70.76 and its two-hundred day moving average price is $72.12. Oracle Co. has a fifty-two week low of $60.78 and a fifty-two week high of $106.34. The firm has a market cap of $222.60 billion, a price-to-earnings ratio of 39.31, a P/E/G ratio of 2.50 and a beta of 1.02.

Oracle (NYSE:ORCLGet Rating) last released its earnings results on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.07). Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 4.11 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Wednesday, October 12th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Tuesday, October 11th. Oracle’s dividend payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Piper Sandler raised Oracle from an “underweight” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Wednesday, October 19th. Jefferies Financial Group reduced their target price on Oracle from $85.00 to $75.00 and set a “hold” rating for the company in a report on Friday, October 21st. StockNews.com assumed coverage on Oracle in a report on Wednesday, October 12th. They issued a “buy” rating for the company. UBS Group set a $75.00 target price on Oracle in a report on Tuesday, September 13th. Finally, Guggenheim boosted their target price on Oracle to $115.00 in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of “Hold” and a consensus price target of $88.58.

About Oracle

(Get Rating)

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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

See Also

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLGet Rating).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.