Allianz SE Acquires New Shares in Oracle Co. (NYSE:ORCL)

Allianz SE purchased a new position in Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 118,402 shares of the enterprise software provider's stock, valued at approximately $19,762,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Oracle in the 4th quarter valued at approximately $2,216,314,000. Raymond James Financial Inc. acquired a new position in shares of Oracle in the fourth quarter worth $930,095,000. Vanguard Group Inc. lifted its position in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. Polen Capital Management LLC boosted its stake in shares of Oracle by 22.3% during the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider's stock valued at $1,787,003,000 after acquiring an additional 1,955,764 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 0.6 %

Oracle stock traded down $0.80 during midday trading on Monday, hitting $140.07. 10,486,735 shares of the company were exchanged, compared to its average volume of 8,989,360. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The company's fifty day moving average price is $163.94 and its 200-day moving average price is $170.31. The company has a market cap of $391.77 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

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Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter last year, the company posted $1.41 earnings per share. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.43%. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on ORCL. Citigroup decreased their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. BNP Paribas raised shares of Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Bank of America lowered their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $178.00.

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.