Oracle Corporation $ORCL Stock Acquired by Maryland State Retirement & Pension System

Key Points

• Maryland’s retirement and pension system increased its Oracle stake by 13.3% in the third quarter, adding 12,344 shares to reach 104,816 shares valued at about $14.4 million.
• Other institutional investors also added shares, and institutions collectively own 42.44% of Oracle, according to the article.
• Oracle beat quarterly earnings and revenue estimates, with revenue up 29.6% year over year. Its CFO expects the company to turn cash-flow positive in the second half of fiscal 2028 and generate over $30 billion in free cash flow in fiscal 2029.

Maryland State Retirement & Pension System raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 13.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 104,816 shares of the enterprise software provider's stock after purchasing an additional 12,344 shares during the period. Maryland State Retirement & Pension System's holdings in Oracle were worth $14,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Oracle in the second quarter worth about $625,454,000. Edmond DE Rothschild Holding S.A. grew its position in shares of Oracle by 8.7% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 79,008 shares of the enterprise software provider's stock valued at $11,579,000 after acquiring an additional 6,296 shares during the period. Generate Investment Management Ltd grew its position in shares of Oracle by 178.4% during the 3rd quarter. Generate Investment Management Ltd now owns 407,314 shares of the enterprise software provider's stock valued at $55,924,000 after acquiring an additional 261,019 shares during the period. Sawyer & Company Inc bought a new position in shares of Oracle during the 3rd quarter valued at approximately $8,243,000. Finally, Verus Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $1,365,000. 42.44% of the stock is owned by institutional investors.

Oracle News Summary

Here's some of the latest news about ORCL:

• Positive Sentiment: CoreWeave’s results lifted AI stocks. CoreWeave beat expectations, raised its outlook, and said it would rely less on unsecured borrowing and more on financing such as customer prepayments. This helped reduce worries about AI infrastructure funding that had weighed on Oracle. Why Oracle Stock Is Up Today
• Positive Sentiment: Analysts see Oracle as better positioned for potential data-center restrictions. Mizuho said Oracle’s five largest data-center sites are already under construction, potentially reducing its exposure to new limits on building. Oracle’s CFO also said the company plans to add 7 gigawatts of data-center capacity. Oracle Stock Just Surged After CoreWeave Earnings
• Positive Sentiment: Management outlined a path to stronger cash generation. CFO Hilary Maxson said Oracle expects to become cash-flow positive in the second half of fiscal 2028 and generate more than $30 billion in free cash flow in fiscal 2029, with the outlook depending partly on capital spending peaking. Oracle CFO Promises More Than $30 Billion in Free Cash Flow

Oracle Stock Up 8.9%

ORCL opened at $128.46 on Thursday. The company has a 50 day moving average of $137.60 and a 200 day moving average of $154.59. The company has a market cap of $388.42 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.83 and a beta of 1.79. Oracle Corporation has a 12 month low of $109.21 and a 12 month high of $250.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.89.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.18. Oracle had a return on equity of 48.85% and a net margin of 26.36%. The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $19.13 billion. During the same quarter in the prior year, the business posted $1.47 earnings per share. The business's quarterly revenue was up 29.6% on a year-over-year basis. 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, sell-side analysts expect that Oracle Corporation will post 6.71 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, October 9th. Oracle's payout ratio is presently 31.35%.

Insider Activity at Oracle

In related news, Director Stephen H. Rusckowski bought 25,000 shares of the business's stock in a transaction on Tuesday, September 29th. The stock was acquired at an average price of $139.35 per share, for a total transaction of $3,483,750.00. Following 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael D. Sicilia sold 22,562 shares of Oracle stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $151.59, for a total value of $3,420,173.58. Following the transaction, the chief executive officer directly owned 182,929 shares of the company's stock, valued at $27,730,207.11. The trade was a 10.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 36,075 shares of company stock worth $5,342,123. 38.40% of the stock is owned by company insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of research reports. CLSA started coverage on shares of Oracle in a report on Monday, July 20th. They issued a "hold" rating and a $145.00 price target on the stock. The Goldman Sachs Group lowered Oracle from a "neutral" rating to a "sell" rating in a report on Monday, November 2nd. DA Davidson reissued a "buy" rating and issued a $225.00 target price on shares of Oracle in a research report on Friday, September 11th. Citizens Jmp reissued a "market outperform" rating and issued a $285.00 target price on shares of Oracle in a research report on Friday, October 2nd. Finally, Melius Research set a $170.00 target price on Oracle in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $249.27.

About Oracle

Oracle Corporation is a technology company that develops and provides database software, cloud services, and enterprise applications. Its products help organizations manage data, run business operations, and build and deploy applications. Oracle's offerings include Oracle Database, Oracle Cloud Infrastructure, and cloud-based applications for functions such as finance, human resources, supply chain management, and customer experience. The company also provides software support, consulting, and related services.

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