Oracle Corporation $ORCL Stock Bought by Welch Group LLC

Welch Group LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 10.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 87,507 shares of the enterprise software provider’s stock after acquiring an additional 8,237 shares during the period. Welch Group LLC’s holdings in Oracle were worth $12,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Oracle during the 3rd quarter worth approximately $25,000. Foresight Capital Management Advisors Inc. purchased a new stake in Oracle in the 3rd quarter valued at approximately $26,000. North Point Portfolio Managers Corp OH purchased a new stake in Oracle in the 3rd quarter valued at approximately $27,000. Persistent Asset Partners Ltd acquired a new stake in Oracle during the 2nd quarter valued at $29,000. Finally, Strengthening Families & Communities LLC grew its holdings in Oracle by 231.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 222 shares of the enterprise software provider’s stock valued at $30,000 after buying an additional 155 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Stephen H. Rusckowski bought 25,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were bought at an average cost of $139.35 per share, with a total value of $3,483,750.00. Following the purchase, the director directly owned 25,390 shares in the company, valued at $3,538,096.50. This trade represents a 6,410.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 2,631 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $151.70, for a total transaction of $399,122.70. Following the sale, the executive vice president owned 64,357 shares of the company’s stock, valued at approximately $9,762,956.90. This represents a 3.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,075 shares of company stock valued at $5,342,123 over the last three months. Company insiders own 38.40% of the company’s stock.

Oracle Trading Down 0.1%

NYSE:ORCL opened at $130.50 on Monday. The stock has a market cap of $394.60 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 0.91 and a beta of 1.79. Oracle Corporation has a one year low of $114.50 and a one year high of $265.81. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50-day simple moving average is $141.81 and its 200 day simple moving average is $157.19.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.18. Oracle had a return on equity of 48.85% and a net margin of 26.36%. The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $19.13 billion. During the same period in the prior year, the company posted $1.47 EPS. The business’s revenue was up 29.6% compared to the same quarter last year. Oracle has set its Q2 2027 guidance at 1.850-1.930 EPS and its FY 2027 guidance at 8.100-8.100 EPS. As a group, sell-side analysts predict that Oracle Corporation will post 6.72 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, October 9th. Oracle’s payout ratio is presently 31.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ORCL shares. UBS Group boosted their price target on Oracle from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. President Capital dropped their price objective on Oracle from $360.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Scotiabank reissued a “sector outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Thursday. Yorkville Ives began coverage on shares of Oracle in a research note on Wednesday, October 7th. They issued an “in-line” rating and a $155.00 target price for the company. Finally, Jefferies Financial Group restated a “buy” rating and issued a $290.00 target price (down from $320.00) on shares of Oracle in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $249.27.

Oracle Profile

Oracle Corporation (NYSE: ORCL) is a global technology company that develops enterprise software, cloud infrastructure and database technologies. Its products help organizations store, manage, analyze and secure data, while supporting business operations across industries and geographies.

The company’s offerings include Oracle Database, Java, Oracle Cloud Infrastructure and a broad portfolio of cloud-based applications. These applications serve functions such as enterprise resource planning, financial management, human resources, supply-chain management, customer experience and industry-specific operations.