Oracle Corporation $ORCL Shares Purchased by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Oracle Corporation (NYSE:ORCLFree Report) by 30.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,713 shares of the enterprise software provider’s stock after buying an additional 5,296 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Oracle were worth $3,341,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Frank Rimerman Advisors LLC increased its holdings in Oracle by 18.3% in the first quarter. Frank Rimerman Advisors LLC now owns 22,320 shares of the enterprise software provider’s stock valued at $3,283,000 after buying an additional 3,445 shares in the last quarter. Stenger Family Office LLC grew its holdings in Oracle by 9.6% in the first quarter. Stenger Family Office LLC now owns 23,010 shares of the enterprise software provider’s stock valued at $3,377,000 after purchasing an additional 2,023 shares during the period. Richmond Investment Services LLC increased its position in shares of Oracle by 15.9% in the first quarter. Richmond Investment Services LLC now owns 1,533 shares of the enterprise software provider’s stock valued at $226,000 after buying an additional 210 shares in the last quarter. Golden Road Advisors LLC increased its position in shares of Oracle by 11.8% in the first quarter. Golden Road Advisors LLC now owns 1,684 shares of the enterprise software provider’s stock valued at $248,000 after buying an additional 178 shares in the last quarter. Finally, Childress Capital Advisors LLC raised its stake in shares of Oracle by 4.6% during the 1st quarter. Childress Capital Advisors LLC now owns 6,862 shares of the enterprise software provider’s stock worth $1,009,000 after buying an additional 301 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle News Roundup

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Analyst Ratings Changes

A number of brokerages have recently issued reports on ORCL. Bank of America increased their target price on Oracle from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $190.00 price target on shares of Oracle in a report on Thursday, June 11th. KeyCorp restated an “overweight” rating on shares of Oracle in a research report on Thursday, June 11th. Stifel Nicolaus decreased their price objective on shares of Oracle from $275.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. upgraded shares of Oracle from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $230.00 to $210.00 in a research report on Wednesday, March 11th. Two 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $268.27.

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Oracle Trading Down 0.7%

Shares of ORCL stock opened at $140.57 on Thursday. The stock’s fifty day moving average is $183.97 and its two-hundred day moving average is $172.42. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.12 and a current ratio of 1.12. The firm 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 Corporation has a fifty-two week low of $134.57 and a fifty-two week high of $345.72.

Oracle (NYSE:ORCLGet Free Report) last released its earnings results on Wednesday, June 10th. The enterprise software provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.15. Oracle had a net margin of 25.37% and a return on equity of 58.62%. The business had revenue of $19.18 billion during the quarter, compared to analyst estimates of $19.10 billion. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Research analysts expect that Oracle Corporation will post 6.46 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, July 10th. Oracle’s dividend payout ratio is currently 34.31%.

Insider Activity

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 400,000 shares in the company, valued at approximately $63,664,000. This represents a 50.00% decrease in their position. 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. Also, EVP Stuart Levey sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was 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 corporate insiders.

About Oracle

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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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