German American Bancorp Inc. Buys 6,986 Shares of Oracle Co. (NYSE:ORCL)

German American Bancorp Inc. lifted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 7.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,217 shares of the enterprise software provider's stock after acquiring an additional 6,986 shares during the quarter. Oracle makes up 1.8% of German American Bancorp Inc.'s holdings, making the stock its 16th biggest holding. German American Bancorp Inc.'s holdings in Oracle were worth $17,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ORCL. Vident Advisory LLC boosted its position in shares of Oracle by 5.8% during the 1st quarter. Vident Advisory LLC now owns 32,284 shares of the enterprise software provider's stock valued at $4,055,000 after purchasing an additional 1,758 shares in the last quarter. CreativeOne Wealth LLC grew its position in shares of Oracle by 48.0% during the 1st quarter. CreativeOne Wealth LLC now owns 9,419 shares of the enterprise software provider's stock worth $1,183,000 after buying an additional 3,056 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Oracle by 2.5% in the 1st quarter. EP Wealth Advisors LLC now owns 51,493 shares of the enterprise software provider's stock valued at $6,468,000 after acquiring an additional 1,269 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Oracle by 6.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 26,458 shares of the enterprise software provider's stock valued at $3,323,000 after acquiring an additional 1,667 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Oracle by 4.4% during the first quarter. Advisors Asset Management Inc. now owns 67,192 shares of the enterprise software provider's stock worth $8,440,000 after acquiring an additional 2,845 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE ORCL opened at $190.76 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. The company has a 50-day simple moving average of $174.39 and a 200 day simple moving average of $148.37. The company has a market capitalization of $528.61 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. On average, research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Thursday, October 10th. Oracle's dividend payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ORCL shares. BMO Capital Markets upped their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a "market perform" rating in a report on Tuesday, September 10th. Evercore ISI increased their price target on Oracle from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on Oracle from $170.00 to $190.00 and gave the company a "buy" rating in a report on Monday, September 16th. Oppenheimer reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Mizuho boosted their price target on shares of Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $169.52.

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.

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