Handelsbanken Fonder AB lowered its position in Oracle Corporation (NYSE:ORCL – Free Report) by 15.3% during the 4th quarter, Holdings Channel reports. The firm owned 806,711 shares of the enterprise software provider’s stock after selling 145,867 shares during the quarter. Handelsbanken Fonder AB’s holdings in Oracle were worth $157,236,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Jennison Associates LLC grew its stake in Oracle by 2,062.4% in the third quarter. Jennison Associates LLC now owns 9,227,252 shares of the enterprise software provider’s stock worth $2,595,072,000 after purchasing an additional 8,800,546 shares in the last quarter. Vanguard Group Inc. grew its stake in Oracle by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 174,802,084 shares of the enterprise software provider’s stock worth $34,070,674,000 after purchasing an additional 5,841,584 shares in the last quarter. American Century Companies Inc. grew its stake in Oracle by 333.7% in the third quarter. American Century Companies Inc. now owns 5,238,006 shares of the enterprise software provider’s stock worth $1,473,137,000 after purchasing an additional 4,030,382 shares in the last quarter. Amundi grew its stake in Oracle by 32.9% in the third quarter. Amundi now owns 9,636,090 shares of the enterprise software provider’s stock worth $2,809,609,000 after purchasing an additional 2,385,556 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Oracle by 921.6% in the fourth quarter. SG Americas Securities LLC now owns 2,311,815 shares of the enterprise software provider’s stock worth $450,596,000 after purchasing an additional 2,085,514 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.
Oracle Stock Down 3.3%
Oracle stock opened at $186.60 on Tuesday. The business has a fifty day moving average of $163.60 and a two-hundred day moving average of $181.56. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.66. The firm has a market cap of $536.67 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.84 and a beta of 1.55. Oracle Corporation has a twelve month low of $134.57 and a twelve month high of $345.72.
Oracle Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Thursday, April 9th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s dividend payout ratio (DPR) is presently 35.91%.
Analyst Upgrades and Downgrades
ORCL has been the topic of several research analyst reports. Sanford C. Bernstein set a $313.00 price objective on Oracle in a research note on Monday, February 9th. Morgan Stanley lowered their target price on Oracle from $213.00 to $207.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Citizens Jmp lowered their target price on Oracle from $342.00 to $285.00 and set a “market outperform” rating for the company in a report on Thursday, February 5th. DA Davidson upped their target price on Oracle from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Finally, UBS Group restated a “buy” rating on shares of Oracle in a report on Monday, February 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.46.
Read Our Latest Stock Analysis on Oracle
Insider Buying and Selling at Oracle
In other news, EVP Stuart Levey sold 15,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $176.19, for a total value of $2,642,850.00. Following the completion of the sale, the executive vice president owned 3,429 shares of the company’s stock, valued at $604,155.51. This trade represents a 81.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is owned by insiders.
Trending Headlines about Oracle
Here are the key news stories impacting Oracle this week:
- Positive Sentiment: Oracle landed a new multi-year U.S. Air Force cloud modernization contract worth $88 million and expanded its AI-focused defense work with the U.S. Department of Defense, reinforcing demand for its secure cloud and classified AI infrastructure. Oracle’s Expanding Defense AI Role And What It Could Mean For Investors
- Positive Sentiment: One analyst note highlighted Oracle as a hyperscaler with meaningful upside potential as AI and quantum infrastructure spending grows, suggesting the market still sees long-term growth opportunities. 2 Quantum Hyperscaler Stocks With 30% Price Target to Watch in May
- Neutral Sentiment: Broader IT stocks in India rallied despite weak market sentiment, but the move was tied more to sector rotation than to Oracle specifically. Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here’s why
- Neutral Sentiment: Oracle’s stock has also been the subject of market chatter, including a bearish bet from investor Leopold Aschenbrenner and a comparison article that argued Salesforce may be the better AI cloud buy right now. Why AI Wunderkind Leopold Aschenbrenner Started Betting Against Nvidia, Oracle, Broadcom Salesforce vs. Oracle: Which AI-Driven Cloud Stock Is a Better Buy?
- Negative Sentiment: Oracle shares fell more than the market in the latest session, reflecting recent selling pressure despite the company’s strong fundamentals and AI-related growth narrative. Oracle (ORCL) Registers a Bigger Fall Than the Market: Important Facts to Note
- Negative Sentiment: Another headline noted Intel is closing the market-cap gap with Oracle, which may add to relative-performance concerns among large-cap tech investors. Intel stock just $8 billion away from overtaking Oracle in market cap
Oracle Profile
Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.
Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.
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