Huntington National Bank Grows Holdings in Oracle Corporation $ORCL

Huntington National Bank raised its position in Oracle Corporation (NYSE:ORCLFree Report) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 672,225 shares of the enterprise software provider’s stock after purchasing an additional 4,037 shares during the period. Huntington National Bank’s holdings in Oracle were worth $131,024,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 5,841,584 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Oracle by 333.7% during 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 increased its stake in shares of Oracle by 32.9% during 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. SG Americas Securities LLC increased its stake in shares of Oracle by 921.6% during 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. Finally, Assenagon Asset Management S.A. increased its stake in shares of Oracle by 456.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,291,058 shares of the enterprise software provider’s stock worth $446,550,000 after purchasing an additional 1,879,448 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, EVP Stuart Levey sold 15,000 shares of the company’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 approximately $604,155.51. This represents a 81.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.90% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research reports. Arete Research set a $255.00 target price on shares of Oracle and gave the stock a “buy” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Oracle from $375.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Melius Research set a $160.00 target price on shares of Oracle in a research note on Monday, February 9th. Piper Sandler cut their target price on shares of Oracle from $240.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Finally, Bank of America initiated coverage on shares of Oracle in a research note on Tuesday, March 24th. They set a “buy” rating and a $200.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.46.

Read Our Latest Analysis on Oracle

Oracle Stock Down 1.2%

Shares of NYSE ORCL opened at $190.73 on Thursday. Oracle Corporation has a 12-month low of $134.57 and a 12-month high of $345.72. The stock has a market cap of $548.54 billion, a PE ratio of 34.24, a P/E/G ratio of 1.84 and a beta of 1.55. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.66. The company has a 50-day moving average of $168.38 and a 200 day moving average of $178.27.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.08. Oracle had a net margin of 25.30% and a return on equity of 62.70%. The company had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.91 billion. During the same quarter in the prior year, the company earned $1.47 EPS. Oracle’s revenue was up 21.7% compared to the same quarter last year. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. As a group, sell-side analysts predict that Oracle Corporation will post 6.08 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Thursday, April 9th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, April 9th. Oracle’s dividend payout ratio is currently 35.91%.

Trending Headlines about Oracle

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Oracle Profile

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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