Engineers Gate Manager LP Buys 95,968 Shares of Oracle Corporation $ORCL

Key Points

• Engineers Gate Manager LP increased its Oracle stake by 5,975.6% in the second quarter, purchasing 95,968 additional shares and bringing its holdings to 97,574 shares valued at approximately $14.3 million.
• Analysts remain broadly bullish, with Oracle carrying a consensus “Moderate Buy” rating and an average price target of $257.86. Recent quarterly results also exceeded expectations, with $2.11 in adjusted EPS and $19.18 billion in revenue, up 20.6% year over year.
• Oracle shares opened at $161.43, while Vice Chairman Jeffrey Henley sold 400,000 shares for approximately $63.7 million under a pre-arranged Rule 10b5-1 trading plan.

Engineers Gate Manager LP lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5,975.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,574 shares of the enterprise software provider's stock after acquiring an additional 95,968 shares during the quarter. Engineers Gate Manager LP's holdings in Oracle were worth $14,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in Oracle in the third quarter worth approximately $28,000. Mpwm Advisory Solutions LLC raised its position in Oracle by 76.9% during the 3rd quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider's stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in Oracle during the 3rd quarter valued at $35,000. HFM Investment Advisors LLC lifted its holdings in shares of Oracle by 290.9% in the 4th quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider's stock worth $25,000 after buying an additional 96 shares during the period. Finally, Basepoint Wealth LLC purchased a new stake in shares of Oracle in the 4th quarter worth $26,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen restated a "buy" rating on shares of Oracle in a research note on Wednesday. Wedbush lowered their price objective on shares of Oracle from $275.00 to $240.00 and set an "outperform" rating for the company in a research note on Thursday, June 11th. BMO Capital Markets increased their target price on shares of Oracle from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, June 11th. Citigroup restated a "buy" rating on shares of Oracle in a report on Wednesday, August 26th. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Oracle in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.86.

Oracle Price Performance

Shares of ORCL stock opened at $161.43 on Thursday. Oracle Corporation has a fifty-two week low of $114.50 and a fifty-two week high of $345.72. The firm has a market capitalization of $464.99 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.21 and a beta of 1.74. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50-day simple moving average is $140.63 and its 200-day simple moving average is $160.42.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $19.18 billion during the quarter, compared to analyst estimates of $19.10 billion. Oracle had a net margin of 25.37% and a return on equity of 58.62%. Oracle's revenue was up 20.6% on a year-over-year basis. During the same period last year, the firm posted $1.70 EPS. As a group, equities analysts forecast that Oracle Corporation will post 6.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $159.16, for a total transaction of $63,664,000.00. Following the transaction, the insider owned 400,000 shares in the company, valued at approximately $63,664,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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’s September 10 earnings report could provide a catalyst if cloud growth, AI infrastructure demand and backlog conversion exceed expectations. Options markets imply a potentially large post-earnings move, while call activity has focused on the $175 strike. Oracle Stock Could Swing After Earnings
• Positive Sentiment: Several analysts remain bullish on Oracle’s cloud opportunity. Citizens JMP reiterated an Outperform rating with a $285 target, while Guggenheim has described the stock as a top idea; the targets imply substantial upside if Oracle delivers accelerating growth. Oracle Rating Upgrade
• Positive Sentiment: OpenAI’s expanding AI ecosystem and its reported partnership with Oracle are reinforcing the company’s position as an AI infrastructure provider, supporting optimism that demand will eventually translate into significant cloud revenue. Oracle and the OpenAI Ecosystem
• Neutral Sentiment: Scotiabank lowered its price target to $215 from $241 but maintained a Sector Outperform rating, suggesting analysts remain constructive while becoming more cautious ahead of the results. Scotiabank Lowers Oracle Price Target
• Negative Sentiment: Oracle plans to spend approximately $70 billion in cash this fiscal year, more than twice the roughly $32 billion its business generated last year. Investors are concerned that data-center construction and AI commitments could require additional debt or financing. Oracle Capital Budget and Cash Flow
• Negative Sentiment: Retail investors have reduced interest ahead of earnings, while EU regulators are questioning Oracle’s cloud-licensing practices. These developments add sentiment and regulatory risk to an already volatile setup. Retail Investors Switch Off Oracle Stock

Oracle Company Profile

Oracle Corporation is a global enterprise technology company that develops and provides database software, cloud infrastructure, business applications and related technology services. Its offerings help organizations manage data, run applications, support business operations and build technology environments across on-premises, hybrid and cloud-based settings.

The company's products include Oracle Database, MySQL, Java, Oracle Cloud Infrastructure and a broad portfolio of cloud applications for enterprise resource planning, financial management, human resources, supply chain management, customer experience and industry-specific operations.

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.