Oracle Corporation $ORCL Shares Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG raised its holdings in shares of Oracle Corporation (NYSE:ORCLFree Report) by 62.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,222 shares of the enterprise software provider’s stock after acquiring an additional 122,905 shares during the period. Oracle makes up 1.2% of Raiffeisen Bank International AG’s holdings, making the stock its 13th largest position. Raiffeisen Bank International AG’s holdings in Oracle were worth $89,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ORCL. Norges Bank acquired a new stake in Oracle in the second quarter worth about $4,275,378,000. Jennison Associates LLC raised its position in shares of Oracle by 2,062.4% during the 3rd quarter. Jennison Associates LLC now owns 9,227,252 shares of the enterprise software provider’s stock worth $2,595,072,000 after buying an additional 8,800,546 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Oracle by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 168,960,500 shares of the enterprise software provider’s stock worth $47,518,451,000 after acquiring an additional 4,681,626 shares during the period. Invesco Ltd. boosted its holdings in shares of Oracle by 42.1% in the second quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock valued at $1,932,507,000 after acquiring an additional 2,619,722 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in shares of Oracle by 21,239.6% during the second quarter. Laurel Wealth Advisors LLC now owns 1,729,145 shares of the enterprise software provider’s stock valued at $378,043,000 after acquiring an additional 1,721,042 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 5.5%

Shares of ORCL opened at $148.00 on Friday. The business’s 50-day moving average price is $178.15 and its 200 day moving average price is $227.87. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $425.23 billion, a P/E ratio of 27.82, a P/E/G ratio of 1.37 and a beta of 1.64. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.64 by $0.62. The company had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company posted $1.47 earnings per share. Analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, January 9th. Oracle’s payout ratio is presently 37.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group restated a “buy” rating on shares of Oracle in a research report on Monday, February 2nd. Bank of America cut their price objective on Oracle from $368.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Citizens Jmp lowered their target price on Oracle from $342.00 to $285.00 and set a “market outperform” rating on the stock in a report on Thursday, February 5th. Weiss Ratings cut shares of Oracle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 23rd. Finally, Piper Sandler reduced their price objective on shares of Oracle from $290.00 to $240.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $290.97.

Check Out Our Latest Stock Report on Oracle

Oracle News Summary

Here are the key news stories impacting Oracle this week:

Insider Activity

In other news, insider Mark Hura sold 15,000 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $196.89, for a total value of $2,953,350.00. Following the completion of the sale, the insider owned 234,077 shares in the company, valued at $46,087,420.53. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Douglas A. Kehring sold 35,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $194.89, for a total value of $6,821,150.00. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $6,555,709.82. This trade represents a 50.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 72,223 shares of company stock valued at $13,689,064 in the last 90 days. Company insiders own 40.90% of the company’s stock.

Oracle Profile

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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