German American Bancorp Inc. Has $9.63 Million Stock Position in Oracle Co. (NYSE:ORCL)

German American Bancorp Inc. lifted its position in Oracle Co. (NYSE:ORCLFree Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,359 shares of the enterprise software provider’s stock after buying an additional 1,370 shares during the quarter. Oracle comprises approximately 1.3% of German American Bancorp Inc.’s holdings, making the stock its 18th largest position. German American Bancorp Inc.’s holdings in Oracle were worth $9,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Wellington Management Group LLP raised its stake in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. Boston Partners boosted its position in shares of Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after acquiring an additional 3,617,413 shares in the last quarter. DNB Asset Management AS increased its stake in Oracle by 313.4% in the fourth quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after acquiring an additional 1,339,311 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Oracle by 26,602.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock valued at $132,794,000 after acquiring an additional 1,254,833 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ORCL shares. The Goldman Sachs Group lifted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. BMO Capital Markets increased their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Finally, HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Read Our Latest Report on Oracle

Oracle Trading Up 1.1 %

NYSE:ORCL traded up $1.34 on Friday, hitting $123.50. 6,179,367 shares of the stock were exchanged, compared to its average volume of 6,325,513. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 52 week low of $97.29 and a 52 week high of $132.77. The stock has a market capitalization of $339.44 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 2.45 and a beta of 1.03. The company’s 50-day moving average price is $121.27 and its 200 day moving average price is $114.38.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company earned $0.96 EPS. Oracle’s revenue was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock worth $110,488,150 in the last quarter. 42.80% of the stock is owned by company insiders.

Oracle Company Profile

(Free Report)

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.

Read More

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.