Allspring Global Investments Holdings LLC Sells 397,235 Shares of Oracle Corporation $ORCL

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL) by 41.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 564,055 shares of the enterprise software provider’s stock after selling 397,235 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Oracle were worth $81,918,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Independent Financial Group LLC acquired a new stake in shares of Oracle in the 1st quarter valued at about $2,480,000. Frazier Financial Advisors LLC increased its holdings in Oracle by 23.9% during the first quarter. Frazier Financial Advisors LLC now owns 969 shares of the enterprise software provider’s stock worth $143,000 after buying an additional 187 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Oracle during the 1st quarter valued at approximately $7,861,000. Evergreen Advisors LLC purchased a new stake in Oracle in the first quarter worth $110,000. Finally, Lane Brothers & Co. Inc. lifted its position in shares of Oracle by 47.6% during the 1st quarter. Lane Brothers & Co. Inc. now owns 1,548 shares of the enterprise software provider’s stock valued at $228,000 after buying an additional 499 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 1.8%

Oracle stock opened at $126.48 on Friday. The business’s 50-day simple moving average is $177.30 and its two-hundred day simple moving average is $169.46. The company has a market cap of $364.32 billion, a PE ratio of 21.69, a PEG ratio of 0.78 and a beta of 1.72. Oracle Corporation has a fifty-two week low of $121.50 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.12 and a current ratio of 1.12.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 10th. The enterprise software provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.96 by $0.15. Oracle had a net margin of 25.37% and a return on equity of 58.62%. The company had revenue of $19.18 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. Oracle has set its Q1 2027 guidance at 1.720-1.760 EPS and its FY 2027 guidance at 8.050-8.050 EPS. Equities analysts anticipate that Oracle Corporation will post 6.47 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Oracle’s payout ratio is presently 34.31%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORCL. TD Cowen upped their price objective on Oracle from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Mizuho set a $320.00 target price on Oracle in a research report on Wednesday, June 3rd. Guggenheim restated a “buy” rating and set a $400.00 target price on shares of Oracle in a research note on Thursday, June 11th. Evercore reiterated an “outperform” rating and issued a $245.00 price target on shares of Oracle in a research note on Monday, June 8th. Finally, Bank of America upped their target price on shares of Oracle from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $268.27.

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $63,664,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is owned by company insiders.

Oracle News Roundup

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Some analysts remain bullish, arguing Oracle’s huge cloud backlog could eventually translate into much stronger revenue and that the stock may be oversold after its steep decline. Oracle Stock Crash Erases $213 Billion from Billionaire Founder Larry Ellison’s Net Worth
• Positive Sentiment: Oracle’s database and multicloud AI businesses continue to show strong growth momentum, suggesting the long-term AI demand story is still intact. Can Oracle’s Database Business Sustain Long-Term Margins?
• Neutral Sentiment: Commentary from Jim Cramer and other market writers added to the volatility, with some calling Oracle a cautionary tale while others argued the selloff may be overdone. Jim Cramer Says Oracle Is “Going Down” and Avoid Every Liquor Stock. Here’s What He’d Buy Instead
• Negative Sentiment: New Mexico blocked the pipeline for Oracle’s 2.5 GW data-center project, increasing the chance of delays and adding uncertainty to its AI infrastructure expansion. New Mexico Blocks Pipeline for Oracle’s (ORCL) 2.5 GW Data Center Project
• Negative Sentiment: Investors are worried Oracle’s AI spending spree is being financed with too much debt, pushing the company’s credit profile close to junk territory. Oracle’s (ORCL) AI Spending Spree Pushes Its Credit Rating Near Junk
• Negative Sentiment: Oracle’s stock has also been hit by broader articles emphasizing that the company is falling fast as markets question whether the AI growth story can justify the spending and financing risks. Oracle Stock Slides To 52-Week Low Amid AI Spending Fears

Oracle 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.