NFSG Corp raised its position in Oracle Corporation (NYSE:ORCL – Free Report) by 37.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,215 shares of the enterprise software provider’s stock after acquiring an additional 15,838 shares during the quarter. Oracle makes up approximately 1.4% of NFSG Corp’s portfolio, making the stock its 17th biggest position. NFSG Corp’s holdings in Oracle were worth $8,564,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter worth approximately $28,000. Mpwm Advisory Solutions LLC grew its stake in shares of Oracle by 76.9% in the third quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Oracle during the third quarter worth $35,000. HFM Investment Advisors LLC increased its position in shares of Oracle by 290.9% during the fourth quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider’s stock worth $25,000 after acquiring an additional 96 shares during the period. Finally, Basepoint Wealth LLC acquired a new stake in shares of Oracle in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Oracle Stock Down 2.7%
Shares of NYSE ORCL opened at $127.96 on Wednesday. The business has a 50-day moving average of $181.33 and a two-hundred day moving average of $170.74. The company has a market capitalization of $368.58 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 0.83 and a beta of 1.72. Oracle Corporation has a 1 year low of $127.60 and a 1 year high of $345.72. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.12 and a quick ratio of 1.12.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Oracle’s dividend payout ratio (DPR) is presently 34.31%.
Insider Buying and Selling
In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on 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 transaction, the insider directly owned 400,000 shares of the company’s stock, valued at $63,664,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock in a transaction on 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 transaction, the executive vice president directly owned 3,429 shares in the company, valued at $604,155.51. This trade represents a 81.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research analysts recently issued reports on ORCL shares. Morgan Stanley reiterated a “mixed” rating on shares of Oracle in a report on Thursday, June 11th. Guggenheim reaffirmed a “buy” rating and issued a $400.00 price target on shares of Oracle in a research report on Thursday, June 11th. DA Davidson lifted their price objective on Oracle from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Bank of America boosted their price objective on Oracle from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, TD Cowen upped their target price on shares of Oracle from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $268.27.
Read Our Latest Stock Report on Oracle
Key Stories Impacting Oracle
Here are the key news stories impacting Oracle this week:
- Positive Sentiment: Oracle introduced a new AI-native builder for Fusion Applications, combining no-code and pro-code tools to help customers and developers create and run agentic applications inside Oracle Fusion Cloud. Oracle Introduces AI-Native Builder Experience to Create and Run Agentic Applications in Oracle Fusion Applications
- Positive Sentiment: Oracle also announced additional OPERA Cloud Central integrations for Loews Hotels and a retail pricing optimization win with Bealls, showing continued traction across hospitality and retail customers. Oracle OPERA Cloud Central Implements Additional Systems to Further Loews Hotels Delivery of Exceptional Guest Experiences Retailer Bealls Inc. Increases Clearance Sales Dollars by 25% With Oracle
- Neutral Sentiment: Oracle is due to pay its quarterly dividend next week, which supports income-oriented investors but is unlikely to change the stock’s near-term direction by itself. Oracle to pay dividends next week; Here’s how much 100 ORCL shares will earn
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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