Citizens Financial Group Inc. RI lessened its stake in Oracle Corporation (NYSE:ORCL – Free Report) by 6.2% in the first quarter, HoldingsChannel reports. The firm owned 156,288 shares of the enterprise software provider’s stock after selling 10,280 shares during the period. Citizens Financial Group Inc. RI’s holdings in Oracle were worth $22,992,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Oracle in the 4th quarter valued at $4,336,031,000. Capital Research Global Investors raised its stake in Oracle by 29.3% during the 4th quarter. Capital Research Global Investors now owns 30,137,126 shares of the enterprise software provider’s stock worth $5,874,070,000 after buying an additional 6,826,299 shares during the period. Vanguard Group Inc. lifted its holdings in Oracle by 3.5% during 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 acquiring an additional 5,841,584 shares in the last quarter. Cardano Risk Management B.V. grew its stake in Oracle by 882.3% in the fourth quarter. Cardano Risk Management B.V. now owns 4,991,010 shares of the enterprise software provider’s stock valued at $972,798,000 after acquiring an additional 4,482,934 shares during the period. Finally, FIL Ltd grew its stake in Oracle by 1,605.7% in the fourth quarter. FIL Ltd now owns 3,976,441 shares of the enterprise software provider’s stock valued at $775,048,000 after acquiring an additional 3,743,314 shares during the period. Institutional investors own 42.44% of the company’s stock.
Oracle Stock Down 2.4%
ORCL traded down $3.53 on Friday, hitting $140.69. 29,697,993 shares of the company were exchanged, compared to its average volume of 29,851,610. The stock’s fifty day moving average is $183.07 and its 200-day moving average is $171.86. Oracle Corporation has a 12 month low of $134.57 and a 12 month high of $345.72. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $405.24 billion, a PE ratio of 24.13, a PEG ratio of 0.88 and a beta of 1.72.
Oracle Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, July 10th. Oracle’s payout ratio is presently 34.31%.
Insider Buying and Selling at Oracle
In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $159.16, for a total value of $63,664,000.00. Following the sale, the insider directly owned 400,000 shares of the company’s stock, valued at approximately $63,664,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Stuart Levey sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $176.19, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.90% of the company’s stock.
Oracle News Roundup
Here are the key news stories impacting Oracle this week:
- Positive Sentiment: Oracle’s record AI backlog, stronger fiscal 2027 outlook, and expanding cloud businesses are being highlighted as reasons long-term investors may want to hold the stock despite the recent selloff. Article Title
- Positive Sentiment: Bernstein reiterated support for Oracle, and several articles point to Oracle’s massive cloud backlog and AI-related demand as evidence that the company still has meaningful growth potential. Article Title
- Neutral Sentiment: Oracle announced new partnerships and innovation initiatives, including IMSA Labs and a racing-focused cloud studio, which expand its cloud ecosystem but are not yet material enough to move the stock on their own. Article Title
- Negative Sentiment: S&P Global cut Oracle’s credit rating closer to junk, reinforcing worries about the company’s large debt burden and financing needs for its AI infrastructure buildout. Article Title
- Negative Sentiment: Recent commentary suggests Oracle may be facing concentration risk in its backlog and investor concern over the scale of spending required to support AI growth, which is keeping pressure on the shares. Article Title
Analyst Ratings Changes
ORCL has been the topic of several recent analyst reports. Wolfe Research reiterated an “outperform” rating and set a $225.00 price objective on shares of Oracle in a report on Thursday, June 11th. Guggenheim restated a “buy” rating and set a $400.00 target price on shares of Oracle in a report on Thursday, June 11th. Oppenheimer upped their price target on shares of Oracle from $235.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Citigroup reissued a “market outperform” rating on shares of Oracle in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $190.00 price objective on shares of Oracle in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.27.
Read Our Latest Report on Oracle
About Oracle
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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