Oracle Corporation $ORCL Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its holdings in Oracle Corporation (NYSE:ORCLFree Report) by 16.0% during the first quarter, HoldingsChannel.com reports. The fund owned 879,479 shares of the enterprise software provider’s stock after acquiring an additional 121,455 shares during the period. Oracle accounts for about 0.6% of Resona Asset Management Co. Ltd.’s portfolio, making the stock its 21st biggest position. Resona Asset Management Co. Ltd.’s holdings in Oracle were worth $127,597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORCL. HFM Investment Advisors LLC raised its position in shares of Oracle by 290.9% during the 4th quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider’s stock worth $25,000 after purchasing an additional 96 shares during the period. Basepoint Wealth LLC acquired a new position in Oracle during the 4th quarter valued at approximately $26,000. FSA Wealth Management LLC acquired a new position in Oracle during the 3rd quarter valued at approximately $28,000. Osbon Capital Management LLC bought a new position in Oracle during the 4th quarter worth $28,000. Finally, Joseph Group Capital Management bought a new position in Oracle during the 4th quarter worth $29,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, 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 transaction, the executive vice president owned 3,429 shares of the company’s stock, valued at approximately $604,155.51. This trade represents a 81.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $159.16, for a total transaction of $63,664,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORCL. Wedbush cut their target price on Oracle from $275.00 to $240.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of Oracle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Stephens reaffirmed an “equal weight” rating and issued a $164.00 price objective on shares of Oracle in a report on Thursday, June 11th. Evercore reiterated an “outperform” rating and issued a $245.00 price objective on shares of Oracle in a research report on Monday, June 8th. Finally, UBS Group boosted their target price on shares of Oracle from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $268.27.

Read Our Latest Stock Analysis on Oracle

Key Headlines Impacting Oracle

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Oracle Stock Down 0.7%

Shares of Oracle stock opened at $140.57 on Thursday. 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 Corporation has a 1-year low of $134.57 and a 1-year high of $345.72. The business’s fifty day moving average price is $183.97 and its two-hundred day moving average price is $172.42. The company has a market capitalization of $404.91 billion, a P/E ratio of 24.11, a PEG ratio of 0.89 and a beta of 1.72.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings results on Wednesday, June 10th. The enterprise software provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.15. The company had revenue of $19.18 billion for the quarter, compared to analyst estimates of $19.10 billion. Oracle had a return on equity of 58.62% and a net margin of 25.37%.The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. Oracle has set its Q1 2027 guidance at 1.720-1.760 EPS and its FY 2027 guidance at 8.050-8.050 EPS. As a group, research analysts forecast that Oracle Corporation will post 6.46 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a $0.50 dividend. 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 dividend payout ratio is currently 34.31%.

About Oracle

(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.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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