German American Bancorp Inc. increased its holdings in Oracle Co. (NYSE:ORCL) by 3.4% during the first quarter, HoldingsChannel reports. The firm owned 62,030 shares of the enterprise software provider’s stock after acquiring an additional 2,063 shares during the quarter. Oracle makes up 1.0% of German American Bancorp Inc.’s portfolio, making the stock its 29th biggest holding. German American Bancorp Inc.’s holdings in Oracle were worth $3,331,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Investors Research Corp bought a new position in shares of Oracle during the 1st quarter valued at approximately $30,000. Riverview Trust Co bought a new position in shares of Oracle during the 4th quarter valued at approximately $35,000. Covenant Multifamily Offices LLC bought a new position in shares of Oracle during the 1st quarter valued at approximately $35,000. Truehand Inc bought a new position in shares of Oracle during the 4th quarter valued at approximately $36,000. Finally, ERTS Wealth Advisors LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $36,000. 53.15% of the stock is currently owned by institutional investors.
Shares of ORCL stock opened at $53.72 on Wednesday. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $55.53. The firm has a market capitalization of $182.02 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.60 and a beta of 1.09. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the prior year, the business earned $0.83 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts forecast that Oracle Co. will post 3.09 EPS for the current year.
A number of research firms recently issued reports on ORCL. Morgan Stanley boosted their price objective on Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Wednesday, May 15th. Exane BNP Paribas began coverage on Oracle in a report on Friday, March 29th. They set a “neutral” rating and a $50.00 price objective for the company. BNP Paribas began coverage on Oracle in a report on Friday, March 29th. They set a “neutral” rating and a $50.00 price objective for the company. Finally, DZ Bank restated a “sell” rating on shares of Oracle in a report on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.11.
In related news, Director Jeffrey Berg sold 37,500 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $53.10, for a total transaction of $1,991,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $51.54, for a total value of $193,275.00. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at $1,441,522.26. The disclosure for this sale can be found here. Insiders sold a total of 2,473,750 shares of company stock valued at $133,883,350 over the last quarter. Company insiders own 32.00% of the company’s stock.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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