German American Bancorp Inc. Buys 1,544 Shares of Oracle Co. (NYSE:ORCL)

German American Bancorp Inc. increased its position in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 103,761 shares of the enterprise software provider’s stock after acquiring an additional 1,544 shares during the quarter. Oracle accounts for 1.8% of German American Bancorp Inc.’s portfolio, making the stock its 16th largest holding. German American Bancorp Inc.’s holdings in Oracle were worth $17,291,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Second Line Capital LLC lifted its holdings in shares of Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares during the last quarter. Requisite Capital Management LLC lifted its stake in Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its stake in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after purchasing an additional 60 shares during the last quarter. McLean Asset Management Corp raised its holdings in shares of Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after buying an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC lifted its position in Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after buying an additional 63 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the company a “sector perform” rating in a research report on Tuesday, March 11th. Stifel Nicolaus decreased their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Piper Sandler decreased their price objective on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.65.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,448,328 shares of company stock worth $453,791,001. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 1.0 %

NYSE ORCL opened at $127.03 on Tuesday. The stock’s 50 day moving average is $159.43 and its 200 day moving average is $169.09. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $355.29 billion, a PE ratio of 31.06, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 EPS. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.57%. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

About Oracle

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.