OLD National Bancorp IN Buys 38,560 Shares of Oracle Corporation $ORCL

OLD National Bancorp IN boosted its stake in Oracle Corporation (NYSE:ORCL) by 132.4% in the second quarter, HoldingsChannel reports. The firm owned 67,683 shares of the enterprise software provider’s stock after acquiring an additional 38,560 shares during the period. OLD National Bancorp IN’s holdings in Oracle were worth $14,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ORCL. Brighton Jones LLC grew its position in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after acquiring an additional 404 shares during the period. Vest Financial LLC grew its position in shares of Oracle by 65.5% during the 1st quarter. Vest Financial LLC now owns 47,567 shares of the enterprise software provider’s stock valued at $6,650,000 after acquiring an additional 18,824 shares during the period. Horizon Wealth Management LLC grew its position in shares of Oracle by 8.1% during the 1st quarter. Horizon Wealth Management LLC now owns 2,595 shares of the enterprise software provider’s stock valued at $363,000 after acquiring an additional 194 shares during the period. Finally, Impact Capital Partners LLC grew its position in shares of Oracle by 5.2% during the 1st quarter. Impact Capital Partners LLC now owns 25,652 shares of the enterprise software provider’s stock valued at $3,586,000 after acquiring an additional 1,273 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.9%

ORCL opened at $286.23 on Friday. The firm has a 50-day simple moving average of $262.53 and a two-hundred day simple moving average of $205.48. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a market capitalization of $815.99 billion, a PE ratio of 66.26, a price-to-earnings-growth ratio of 3.08 and a beta of 1.53. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio is currently 46.30%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORCL. Scotiabank reissued an “outperform” rating on shares of Oracle in a research report on Wednesday, September 10th. Morgan Stanley boosted their price objective on shares of Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 23rd. Cantor Fitzgerald upped their target price on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Cowen reaffirmed a “buy” rating and issued a $375.00 target price on shares of Oracle in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group upped their target price on shares of Oracle from $195.00 to $310.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.71.

Insider Activity

In other news, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the sale, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 104,314 shares of company stock worth $31,272,223. 42.20% of the stock is owned by insiders.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.