Busey Bank Has $48.40 Million Stake in Oracle Corporation $ORCL

Key Points

• Busey Bank has reduced its holdings in Oracle Corporation by 0.4%, owning 221,377 shares valued at approximately $48.4 million, making Oracle its 16th largest holding.
• Insider Michael D. Sicilia sold 16,323 shares of Oracle for over $5.1 million, representing a 12.91% decrease in his position, while insider Clayton M. Magouyrk sold 21,241 shares, decreasing his position by 21.40%.
• Oracle recently announced a quarterly dividend of $0.50, with a dividend yield of 0.6% and a dividend payout ratio of 46.30%.

Busey Bank cut its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 221,377 shares of the enterprise software provider's stock after selling 919 shares during the period. Oracle makes up 1.5% of Busey Bank's portfolio, making the stock its 16th largest holding. Busey Bank's holdings in Oracle were worth $48,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Oracle in the 1st quarter worth about $732,692,000. GAMMA Investing LLC boosted its position in Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the period. Vanguard Group Inc. raised its stake in shares of Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $731,512,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Oracle by 79.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after purchasing an additional 2,049,687 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

NYSE:ORCL traded up $12.56 during mid-day trading on Friday, hitting $309.18. 40,475,718 shares of the company's stock traded hands, compared to its average volume of 29,628,284. The company has a market cap of $878.60 billion, a PE ratio of 71.57, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46. The firm's 50 day simple moving average is $251.63 and its 200 day simple moving average is $195.70. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results 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 return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The firm's revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio is presently 46.30%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ORCL. JMP Securities increased their target price on Oracle from $315.00 to $342.00 and gave the stock a "market outperform" rating in a research note on Wednesday, September 10th. The Goldman Sachs Group increased their price target on Oracle from $195.00 to $310.00 and gave the company a "neutral" rating in a research report on Monday, September 15th. Stifel Nicolaus increased their price objective on Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Guggenheim raised their target price on Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Finally, Evercore ISI boosted their price objective on shares of Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $303.44.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the sale, the insider owned 78,000 shares of the company's stock, valued at approximately $23,174,580. The trade was a 21.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,247 shares of company stock worth $22,090,505 over the last quarter. Insiders own 42.20% of the company's stock.

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.