Resona Asset Management Co. Ltd. Purchases 17,633 Shares of Oracle Corporation $ORCL

Resona Asset Management Co. Ltd. increased its holdings in Oracle Corporation (NYSE:ORCL) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 548,759 shares of the enterprise software provider’s stock after acquiring an additional 17,633 shares during the quarter. Oracle comprises approximately 0.6% of Resona Asset Management Co. Ltd.’s portfolio, making the stock its 25th biggest position. Resona Asset Management Co. Ltd.’s holdings in Oracle were worth $119,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after acquiring an additional 151 shares during the period. LGT Financial Advisors LLC purchased a new stake in Oracle in the second quarter worth $33,000. Legend Financial Advisors Inc. purchased a new stake in Oracle in the second quarter worth $34,000. HighMark Wealth Management LLC purchased a new stake in Oracle in the second quarter worth $38,000. Finally, Graybill Wealth Management LTD. purchased a new stake in Oracle in the first quarter worth $39,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares of the company’s stock, valued at $42,603,800.96. The trade was a 20.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 204,254 shares of company stock worth $60,227,807 over the last quarter. Corporate insiders own 40.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ORCL. Morgan Stanley raised their price target on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 23rd. Guggenheim raised their price objective on Oracle from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $310.00 price objective on shares of Oracle in a research report on Friday, October 17th. Weiss Ratings lowered Oracle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, UBS Group raised their price objective on Oracle from $360.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

Oracle Price Performance

ORCL opened at $250.26 on Thursday. The stock has a 50-day moving average price of $278.97 and a 200-day moving average price of $228.97. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market cap of $713.44 billion, a PE ratio of 57.93, a P/E/G ratio of 2.96 and a beta of 1.53. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s payout ratio is currently 46.30%.

About Oracle

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.