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

In the fourth quarter, Allianz SE made a significant investment by acquiring 118,402 shares of Oracle Corporation (NYSE:ORCL - Free Report), according to their recent Form 13F filing with the SEC. This purchase is valued at approximately $19,762,000.

Additionally, several other institutional investors and hedge funds have adjusted their positions in Oracle's stock recently. For instance, Tucker Asset Management LLC increased its stake by a remarkable 99.0% during the same quarter, now holding 410 shares worth $68,000 after adding 204 shares. Likewise, Mitchell Sinkler & Starr PA raised its stake by 1.2%, accumulating a total of 56,449 shares worth $9,407,000 after buying an extra 650 shares. WealthTrak Capital Management LLC acquired a new position in Oracle valued at around $62,000, while Allstate Corp significantly boosted its holdings by 3,233.0% during this period, now owning 49,395 shares valued at $8,231,000 after purchasing 47,913 shares. RiverFront Investment Group LLC increased its stake by 50.2%, resulting in 2,871 shares worth $478,000 after buying an additional 960 shares. Institutional investors and hedge funds collectively own approximately 42.44% of Oracle's stock.

Oracle Stock Overview

On Friday, Oracle’s stock opened at $140.75. The stock has a 50-day simple moving average of $163.94 and a 200-day average of $170.12. The company has experienced a one-year low of $112.78 and a high of $198.31. Oracle's market capitalization stands at $393.67 billion, with a PE ratio of 34.41 and a P/E/G ratio of 3.46. The company's beta is recorded at 1.07, indicating a level of volatility. Furthermore, the debt-to-equity ratio is 5.65, with a current ratio and quick ratio both sitting at 0.81.

Oracle recently announced its quarterly earnings on March 10th, reporting earnings per share of $1.47, which fell short of analysts' estimates of $1.49 by $0.02. The company recorded revenues of $14.13 billion for the quarter, below the expected $14.40 billion. Nevertheless, Oracle demonstrated a return on equity of 133.25% and maintained a net margin of 21.16%. Compared to the same quarter last year, Oracle's revenue has increased by 6.4%. Analysts predict that the company will generate an EPS of 5 for the current fiscal year.

Dividend Increase Announcement

In addition, Oracle has declared an increase in its quarterly dividend, which is set to be paid on April 23rd. Investors on record as of April 10th will receive a dividend of $0.50 per share. This is an increase from the previous dividend of $0.40. Annually, this results in a total dividend of $2.00, translating to a yield of 1.42%. Currently, Oracle’s dividend payout ratio (DPR) is at 46.95%.

Analyst Ratings Update

Multiple analysts have provided updates regarding Oracle’s stock. Morgan Stanley lowered its price target from $175.00 to $170.00, maintaining an "equal weight" rating on the stock. Citigroup also reduced its target from $194.00 to $160.00, while Stephens issued an "equal weight" rating with a price objective of $167.00. BMO Capital Markets adjusted its target from $205.00 to $175.00, classifying it as "market perform." Lastly, JPMorgan Chase & Co. decreased its price target to $135.00, retaining a "neutral" rating. Overall, thirteen analysts rated the stock as hold, fifteen as buy, and one as strong buy. The average rating stands at "Moderate Buy" with a price target of $179.20.

Insider Trading at Oracle

In other developments, Oracle’s CEO Safra Catz sold 2,101,154 shares on January 22nd at an average price of $185.35, resulting in a transaction worth approximately $389.45 million. Following this sale, she now holds 1,118,592 shares valued at around $207.33 million, reflecting a significant 65.26% decrease in her ownership. This transaction was disclosed in a filing with the Securities and Exchange Commission. It's important to note that company insiders own about 42.20% of Oracle’s stock.

About Oracle Corporation

Oracle Corporation is a leading provider of technology products and services that support enterprise information technology needs across the globe. Their offerings include various cloud software applications such as Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, and more.

Allianz, Oracle, Investment