Siemens Fonds Invest GmbH Buys 390 Shares of Oracle Co. (NYSE:ORCL)

Siemens Fonds Invest GmbH grew its stake in shares of Oracle Co. (NYSE:ORCLGet Rating) by 0.5% in the first quarter, Holdings Channel reports. The fund owned 80,323 shares of the enterprise software provider’s stock after acquiring an additional 390 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Oracle were worth $6,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Steward Financial Group LLC bought a new position in Oracle in the 1st quarter worth approximately $33,000. Ulland Investment Advisors LLC boosted its holdings in Oracle by 469.0% in 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 period. Bivin & Associates Inc. bought a new position in Oracle in the 4th quarter worth approximately $35,000. Western Pacific Wealth Management LP bought a new position in Oracle in the 4th quarter worth approximately $43,000. Finally, Life Planning Partners Inc purchased a new stake in Oracle in the 4th quarter worth approximately $44,000. 41.92% of the stock is owned by institutional investors.

Oracle Trading Up 1.7 %

Shares of ORCL opened at $75.91 on Friday. The firm’s 50-day moving average price is $75.00 and its 200-day moving average price is $74.92. The firm has a market capitalization of $202.29 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.10 and a beta of 0.87. Oracle Co. has a 1-year low of $63.76 and a 1-year high of $106.34.

Oracle (NYSE:ORCLGet Rating) last announced its earnings results on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The firm had revenue of $11.84 billion for the quarter, compared to analyst estimates of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS. On average, research analysts forecast that Oracle Co. will post 4.43 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Monday, July 11th. Oracle’s payout ratio is currently 53.33%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ORCL shares. Exane BNP Paribas upgraded shares of Oracle from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. UBS Group set a $75.00 target price on shares of Oracle in a research note on Tuesday, June 14th. Cowen lowered their target price on shares of Oracle from $107.00 to $98.00 in a research note on Thursday, June 9th. Stifel Nicolaus lowered their price objective on shares of Oracle from $83.00 to $72.00 in a research report on Tuesday, June 14th. Finally, BMO Capital Markets lowered their price objective on shares of Oracle from $92.00 to $86.00 in a research report on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Hold” and a consensus target price of $89.77.

Insider Buying and Selling

In related news, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $76,153,743.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $76,153,743.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The disclosure for this sale can be found here. Insiders have sold 3,399,174 shares of company stock valued at $232,369,224 over the last quarter. Corporate insiders own 39.10% of the company’s stock.

About Oracle

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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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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