BOCHK Asset Management Ltd Sells 10,180 Shares of Oracle Corporation $ORCL

Key Points

• BOCHK Asset Management reduced its Oracle stake by 25.5%, selling 10,180 shares and retaining 29,668 shares valued at approximately $4.07 million. Institutional investors collectively own 42.44% of Oracle.
• Oracle shares were trading at $118.79, down 9.1%, near the company’s 52-week low. Despite the decline, Oracle reported quarterly revenue growth of 29.6% and exceeded analysts’ earnings and revenue estimates.
• Oracle plans to raise up to $20 billion through new stock and debt to fund AI and cloud investments, debt repayment, acquisitions, dividends and buybacks. The financing has raised concerns about shareholder dilution, higher debt costs and the timing of positive free cash flow.

BOCHK Asset Management Ltd reduced its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 25.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,668 shares of the enterprise software provider's stock after selling 10,180 shares during the quarter. BOCHK Asset Management Ltd's holdings in Oracle were worth $4,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sherman Asset Management Inc. increased its position in Oracle by 5.5% during the first quarter. Sherman Asset Management Inc. now owns 1,054 shares of the enterprise software provider's stock valued at $155,000 after acquiring an additional 55 shares during the last quarter. Gould Asset Management LLC CA raised its stake in shares of Oracle by 2.0% in the first quarter. Gould Asset Management LLC CA now owns 3,172 shares of the enterprise software provider's stock valued at $467,000 after acquiring an additional 62 shares during the period. One Charles Private Wealth Services LLC lifted its holdings in shares of Oracle by 1.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 3,859 shares of the enterprise software provider's stock worth $568,000 after acquiring an additional 62 shares during the last quarter. Main Street Group LTD lifted its holdings in shares of Oracle by 3.9% in the 1st quarter. Main Street Group LTD now owns 1,662 shares of the enterprise software provider's stock worth $245,000 after acquiring an additional 63 shares during the last quarter. Finally, Capstone Financial Advisors Inc. lifted its holdings in shares of Oracle by 3.6% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,809 shares of the enterprise software provider's stock worth $265,000 after acquiring an additional 63 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Down 9.1%

Shares of ORCL opened at $118.79 on Tuesday. The firm has a market capitalization of $359.20 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.02 and a beta of 1.78. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.17 and a quick ratio of 1.17. Oracle Corporation has a 1-year low of $114.50 and a 1-year high of $265.62. The company has a 50-day moving average of $141.25 and a 200 day moving average of $156.77.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.18. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $19.13 billion. Oracle had a net margin of 26.36% and a return on equity of 48.85%. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS. Oracle has set its Q2 2027 guidance at 1.850-1.930 EPS and its FY 2027 guidance at 8.100-8.100 EPS. On average, research analysts expect that Oracle Corporation will post 6.72 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.7%. Oracle's dividend payout ratio is 31.35%.

Insider Buying and Selling

In other news, Director Stephen Rusckowski acquired 25,000 shares of the company's stock in a transaction that occurred on Tuesday, September 29th. The shares were bought at an average price of $139.35 per share, with a total value of $3,483,750.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 2,631 shares of the firm's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $151.70, for a total value of $399,122.70. Following the transaction, the executive vice president owned 64,357 shares in the company, valued at $9,762,956.90. The trade was a 3.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,075 shares of company stock valued at $5,342,123 over the last quarter. 38.40% of the stock is owned by corporate insiders.

Key Oracle News

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Oracle plans to use the funding to support AI and cloud capital expenditures, while also allowing for debt repayment, acquisitions, dividends and share repurchases. Management has said new fundraising will be capped at $20 billion through fiscal 2030, and the company expects positive free cash flow in the second half of fiscal 2028. Oracle files to sell $20 billion in new stock and bonds
• Positive Sentiment: Stephens upgraded Oracle from “equal weight” to “overweight” and raised its price target to $213 from $185, arguing that the stock’s recent weakness may create significant long-term upside if Oracle successfully monetizes its AI infrastructure investments. Stephens upgrades Oracle
• Neutral Sentiment: Rapidflow, an Oracle cloud and technology partner, acquired GreenCube Global to expand Oracle EPM, business intelligence and Hyperion consulting capabilities across Asia-Pacific and the Middle East. The deal could support Oracle’s partner ecosystem but is not expected to materially affect near-term results. Rapidflow acquires GreenCube
• Negative Sentiment: The proposed financing consists of $10 billion in new common stock and $10 billion in fixed- and floating-rate notes. The equity sale could dilute existing shareholders, while the debt issuance adds to concerns about Oracle’s already-large debt load and interest costs. Oracle to offer $10 billion in bonds
• Negative Sentiment: Investors interpreted the fundraising as evidence that Oracle’s AI buildout is expensive and may require continued external financing, despite last week’s promise to limit additional funding. The announcement intensified worries about execution, free-cash-flow timing and whether further capital raises could be needed. Oracle sinks on $20 billion stock and bond sale

Analyst Ratings Changes

Several brokerages recently commented on ORCL. BTIG Research started coverage on shares of Oracle in a report on Monday. They set a "buy" rating on the stock. Argus reissued a "buy" rating and issued a $225.00 price objective on shares of Oracle in a research report on Monday, September 14th. Yorkville Ives started coverage on shares of Oracle in a research note on Wednesday, October 7th. They issued an "in-line" rating and a $155.00 price objective for the company. Weiss Ratings restated a "hold (c)" rating on shares of Oracle in a research report on Friday, October 16th. Finally, Robert W. Baird set a $215.00 target price on Oracle in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $249.27.

Oracle Company 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.