VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 23.1% in the fourth quarter, HoldingsChannel reports. The fund owned 163,820 shares of the enterprise software provider’s stock after selling 49,080 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Oracle were worth $31,930,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of Oracle during the third quarter worth $28,000. Mpwm Advisory Solutions LLC raised its position in shares of Oracle by 76.9% during 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 during the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Oracle during the third quarter worth $35,000. Collier Financial bought a new stake in shares of Oracle during the third quarter worth $38,000. Finally, Joseph Group Capital Management bought a new stake in shares of Oracle during the fourth quarter worth $29,000. Institutional investors own 42.44% of the company’s stock.
Oracle Stock Down 3.6%
NYSE:ORCL opened at $186.81 on Wednesday. Oracle Corporation has a 1 year low of $134.57 and a 1 year high of $345.72. 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 stock has a market cap of $537.26 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 1.85 and a beta of 1.55. The stock has a 50-day moving average price of $160.41 and a two-hundred day moving average price of $184.10.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Thursday, April 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, April 9th. Oracle’s payout ratio is presently 35.91%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $160.00 target price on shares of Oracle in a research report on Wednesday, March 11th. JPMorgan Chase & Co. upgraded Oracle from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $230.00 to $210.00 in a report on Wednesday, March 11th. Jefferies Financial Group dropped their price objective on Oracle from $400.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Scotiabank dropped their price objective on Oracle from $220.00 to $215.00 and set a “sector outperform” rating for the company in a report on Monday, March 9th. Finally, Stifel Nicolaus dropped their price objective on Oracle from $275.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.11.
Get Our Latest Report on Oracle
More Oracle News
Here are the key news stories impacting Oracle this week:
- Positive Sentiment: Wedbush reiterated a bullish view on Oracle’s AI infrastructure opportunity, setting a $275 price target and arguing the stock is undervalued as cloud revenue growth could accelerate 46%–50% in the upcoming quarter. Oracle (ORCL) Stock: Wedbush Predicts 47% Rally on AI Infrastructure Growth
- Positive Sentiment: Oracle expanded its partnership with Samsung, including Java security and semiconductor development support, which reinforces Oracle’s enterprise relationships and could help future software and cloud demand. Oracle Java to Power Samsung Electronics’ Global Semiconductor Development
- Positive Sentiment: Oracle added healthcare executive Dr. Tomislav Mihaljevic to its board, a move that may support its healthcare and industry software strategy. Oracle Names Tomislav Mihaljevic, M.D., to the Board of Directors
- Neutral Sentiment: Brokerage coverage remains favorable, with Oracle receiving a “Moderate Buy” consensus rating, suggesting Wall Street sentiment is still supportive. Oracle Corporation (NYSE:ORCL) Given Consensus Recommendation of “Moderate Buy” by Brokerages
- Neutral Sentiment: Several articles point to Oracle’s recent pullback after a sharp AI-driven run, indicating some investors are taking profits and questioning whether the rally got ahead of fundamentals. Oracle finally pauses after sharp AI fueled rally
- Negative Sentiment: Oracle has recently been flagged as a potential “sell in May” name, and commentary about its pullback suggests near-term caution after the stock’s strong move. Sell in May and Go Away—Starting With These 3 Stocks
Insider Transactions at Oracle
In other Oracle news, EVP Stuart Levey sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $176.19, for a total value of $2,642,850.00. Following the completion of the transaction, the executive vice president directly owned 3,429 shares of the company’s stock, valued at approximately $604,155.51. The trade was a 81.39% decrease in their ownership of the stock. The transaction 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. Insiders own 40.90% of the company’s stock.
Oracle Company 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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