Varma Mutual Pension Insurance Co Sells 96,900 Shares of Oracle Corporation $ORCL

Varma Mutual Pension Insurance Co cut its holdings in Oracle Corporation (NYSE:ORCL) by 27.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 254,518 shares of the enterprise software provider’s stock after selling 96,900 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Oracle were worth $49,608,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Meeder Advisory Services Inc. boosted its position in Oracle by 8.4% in the 3rd quarter. Meeder Advisory Services Inc. now owns 40,946 shares of the enterprise software provider’s stock valued at $11,516,000 after buying an additional 3,184 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Oracle in the 3rd quarter valued at about $689,000. Xponance Inc. boosted its position in Oracle by 1.8% in the 3rd quarter. Xponance Inc. now owns 406,544 shares of the enterprise software provider’s stock valued at $114,336,000 after buying an additional 7,320 shares during the period. Stonegate Investment Group LLC boosted its position in Oracle by 3.2% in the 3rd quarter. Stonegate Investment Group LLC now owns 99,400 shares of the enterprise software provider’s stock valued at $27,955,000 after buying an additional 3,065 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Oracle by 62.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 483,000 shares of the enterprise software provider’s stock valued at $135,839,000 after buying an additional 184,996 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ORCL shares. Robert W. Baird lowered their price objective on shares of Oracle from $300.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 price objective on shares of Oracle in a research report on Wednesday, March 11th. JPMorgan Chase & Co. raised shares of Oracle from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $230.00 to $210.00 in a research report on Wednesday, March 11th. Stifel Nicolaus lowered their price objective on shares of Oracle from $275.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Finally, DA Davidson boosted their price objective on shares of Oracle from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.56.

Insider Buying and Selling

In related news, CEO Clayton M. Magouyrk sold 10,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $155.23, for a total transaction of $1,552,300.00. Following the completion of the sale, the chief executive officer owned 134,030 shares of the company’s stock, valued at $20,805,476.90. This represents a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stuart Levey sold 15,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 3,429 shares of the company’s stock, valued at $604,155.51. The trade was a 81.39% decrease in their position. 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 Trading Up 0.2%

Shares of NYSE:ORCL opened at $172.12 on Monday. Oracle Corporation has a 12-month low of $134.57 and a 12-month high of $345.72. The business’s fifty day simple moving average is $154.96 and its 200-day simple moving average is $188.20. 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 market capitalization of $495.02 billion, a PE ratio of 30.90, a P/E/G ratio of 1.64 and a beta of 1.55.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, March 10th. The enterprise software provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates 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 posted $1.47 earnings per share. Oracle’s revenue for the quarter 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, equities research analysts predict that Oracle Corporation will post 6.08 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Thursday, April 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. Oracle’s dividend payout ratio is presently 35.91%.

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.