Summit Global Investments Decreases Stake in Oracle Corporation $ORCL

Summit Global Investments decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,259 shares of the enterprise software provider’s stock after selling 5,806 shares during the quarter. Oracle comprises about 0.7% of Summit Global Investments’ portfolio, making the stock its 19th biggest holding. Summit Global Investments’ holdings in Oracle were worth $12,447,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Darwin Wealth Management LLC grew its stake in Oracle by 130.0% during the 3rd quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after acquiring an additional 65 shares in the last quarter. Winnow Wealth LLC purchased a new position in Oracle in the 2nd quarter worth approximately $28,000. Financial Consulate Inc. acquired a new position in shares of Oracle during the 3rd quarter worth approximately $37,000. Corundum Trust Company INC acquired a new position in shares of Oracle during the 3rd quarter worth approximately $39,000. Finally, Kilter Group LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, EVP Douglas A. Kehring sold 35,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $194.89, for a total transaction of $6,821,150.00. Following the completion of the transaction, the executive vice president directly owned 33,638 shares in the company, valued at $6,555,709.82. This trade represents a 50.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,223 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $196.61, for a total transaction of $437,064.03. Following the sale, the director owned 25,596 shares in the company, valued at $5,032,429.56. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 62,223 shares of company stock valued at $12,136,764. Corporate insiders own 40.90% of the company’s stock.

Key Oracle News

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Oracle launched a generative AI-enabled Life Sciences AI Data Platform that stitches massive de?identified EHR and commercial data to accelerate R&D and commercialization — a product win that supports recurring cloud/vertical revenue. Oracle Life Sciences AI Data Platform
• Positive Sentiment: Oracle OPERA Cloud was approved by IHG Hotels & Resorts as an approved property?management system for multiple regions — a commercial reference that can drive hospitality cloud bookings. Oracle Approved by IHG Hotels & Resorts
• Neutral Sentiment: Analysts and outlets note Oracle is ramping cloud capex toward ~ $50B to support GPUs/AI infrastructure — this underpins future growth but also explains rising leverage and near?term margin/cash?flow pressure. Zacks: Oracle ramps cloud CapEx
• Negative Sentiment: Multiple outlets report a broad AI-driven sell?off hitting Oracle as investors pull back over AI market uncertainty and Oracle’s OpenAI ties — a main driver of today’s downside. Oracle Stock Drops by More Than Half Amid AI Concerns
• Negative Sentiment: Credit market stress: reports show Oracle’s credit?default swaps have surged to post?2008 highs, signaling investor concern about debt levels used to fund AI data centers. CDS surge coverage
• Negative Sentiment: Regulatory / legal risk: multiple firm notices/advisories say bondholders and shareholders suffering losses tied to Oracle deals are being invited to contact law firms — potential litigation that could distract management or create liabilities. Investigation notice re: bondholders Pomerantz investor alert
• Negative Sentiment: Operational risk: a power outage at an Oracle data center disrupted TikTok U.S. users — an incident that raises reliability and PR concerns as Oracle hosts critical customer infrastructure. Data center outage coverage
• Negative Sentiment: Market commentary: several outlets question whether Oracle’s stock has further to fall given valuation swings, execution scrutiny and the broader tech rotation away from AI overhang. Is Oracle still worth chasing?

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Barclays set a $310.00 price objective on Oracle in a research note on Thursday, December 11th. Guggenheim reiterated a “buy” rating and set a $400.00 price target on shares of Oracle in a report on Thursday, December 11th. Stephens boosted their price target on shares of Oracle from $208.00 to $331.00 and gave the company an “equal weight” rating in a research report on Friday, October 17th. Bank of America cut their price objective on shares of Oracle from $368.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Oracle from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $300.46.

Oracle Trading Down 2.2%

NYSE ORCL opened at $168.98 on Friday. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $485.50 billion, a P/E ratio of 31.76, a PEG ratio of 1.52 and a beta of 1.65. The firm’s 50-day moving average is $194.80 and its two-hundred day moving average is $237.87. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the previous year, the firm earned $1.47 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, January 9th. Oracle’s dividend payout ratio (DPR) is currently 37.59%.

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.