Oracle Corporation $ORCL Stock: Lockheed Martin Investment Management Co. Reduces Stake

Key Points

• Lockheed Martin Investment Management Co. cut its Oracle stake by 31.3% in the third quarter, selling 5,480 shares and retaining 12,020 shares worth about $1.65 million. Other major institutional investors cited in the article increased their holdings.
• Oracle’s latest quarter beat estimates: EPS was $1.92 versus $1.74 expected, while revenue rose 29.6% year over year to $19.34 billion. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $249.27.
• Investor concerns include Oracle’s AI infrastructure financing and demand, reports of a potential end to a Microsoft computing-capacity agreement, and reliance on OpenAI for a large share of its backlog. The article also reports insider stock sales totaling 36,075 shares over 90 days.

Lockheed Martin Investment Management Co. lowered its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 31.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,020 shares of the enterprise software provider's stock after selling 5,480 shares during the period. Lockheed Martin Investment Management Co.'s holdings in Oracle were worth $1,650,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ORCL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Oracle by 0.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,680,278 shares of the enterprise software provider's stock worth $2,151,395,000 after purchasing an additional 123,294 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Oracle by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 13,251,059 shares of the enterprise software provider's stock valued at $1,949,363,000 after purchasing an additional 384,984 shares in the last quarter. Amundi raised its stake in shares of Oracle by 1.5% in the second quarter. Amundi now owns 9,878,184 shares of the enterprise software provider's stock valued at $1,447,648,000 after purchasing an additional 144,087 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Oracle by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,586,492 shares of the enterprise software provider's stock worth $1,262,827,000 after purchasing an additional 147,048 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in Oracle by 1.0% in the second quarter. First Eagle Investment Management LLC now owns 8,516,878 shares of the enterprise software provider's stock worth $1,248,148,000 after purchasing an additional 81,700 shares during the period. Institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 2,631 shares of Oracle stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $151.70, for a total value of $399,122.70. Following the completion of the transaction, the executive vice president owned 64,357 shares in the company, valued at approximately $9,762,956.90. The trade was a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Sicilia sold 22,562 shares of the business's stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $151.59, for a total value of $3,420,173.58. Following the completion of the transaction, the chief executive officer directly owned 182,929 shares in the company, valued at $27,730,207.11. The trade was a 10.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 36,075 shares of company stock valued at $5,342,123. Corporate insiders own 38.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ORCL shares. DZ Bank reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, September 17th. President Capital dropped their price target on shares of Oracle from $360.00 to $300.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Citigroup restated a "market outperform" rating on shares of Oracle in a research note on Thursday, October 29th. Scotiabank reaffirmed a "sector outperform" rating and set a $205.00 price objective on shares of Oracle in a report on Thursday, October 29th. Finally, Yorkville Ives assumed coverage on Oracle in a report on Wednesday, October 7th. They set an "in-line" rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average target price of $249.27.

Oracle Stock Up 3.3%

ORCL opened at $119.94 on Tuesday. The firm's 50-day simple moving average is $138.49 and its 200-day simple moving average is $155.13. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.17 and a current ratio of 1.17. Oracle Corporation has a twelve month low of $109.21 and a twelve month high of $250.25. The firm has a market cap of $362.66 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.87 and a beta of 1.79.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.18. The firm had revenue of $19.34 billion during 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 firm's quarterly revenue was up 29.6% on a year-over-year basis. During the same period last year, the firm posted $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. Equities research analysts anticipate that Oracle Corporation will post 6.71 EPS for the current fiscal year.

Oracle Announces Dividend

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

More Oracle News

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Oppenheimer still identifies Oracle as one of the software companies positioned to benefit from AI, while ETFs purchased about $111 million of ORCL shares on Thursday—potential signs of investor support. Oppenheimer sees Oracle as an AI winner ETF purchases of Oracle shares
• Neutral Sentiment: Oracle announced a $1.55 million grant for a Nashville community hub and redevelopment project. The announcement has limited direct relevance to the company’s financial outlook. Oracle community grant announcement
• Negative Sentiment: Microsoft is reportedly winding down an agreement to rent Oracle AI computing capacity, following Oracle’s cancellation of an estimated $7 billion chip-leasing deal with Tencent. The Microsoft contract may be relatively small, but its loss adds uncertainty about demand; S&P reportedly estimates OpenAI represents about half of Oracle’s backlog, heightening customer-concentration concerns. Microsoft deal and Oracle balance-sheet concerns
• Negative Sentiment: Several commentaries question Oracle’s financing needs and the durability of demand for its AI infrastructure. One report also notes ING plans to sell data-center loans that include a major Oracle-related project involving OpenAI and SoftBank. These concerns add to pressure on shares, which are well below their 50- and 200-day moving averages. Questions about Oracle AI infrastructure demand Oracle downgrade commentary

Oracle Company Profile

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.

Founded in 1977 as Software Development Laboratories, Oracle serves businesses and public-sector organizations across geographies worldwide.

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