Rep. Jefferson Shreve Buys Oracle Corporation (NYSE:ORCL) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of Oracle Corporation NYSE: ORCL. In a filing disclosed on June 22nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Oracle stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Oracle Stock Performance

NYSE ORCL traded up $2.22 on Friday, hitting $245.05. 7,146,126 shares of the stock were exchanged, compared to its average volume of 13,472,494. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The business's fifty day moving average is $204.42 and its 200 day moving average is $171.59. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60. The company has a market capitalization of $688.31 billion, a PE ratio of 56.46, a P/E/G ratio of 3.62 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 earnings per share. Research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's payout ratio is 46.08%.

Institutional Investors Weigh In On Oracle

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in shares of Oracle in the fourth quarter worth approximately $2,216,314,000. Raymond James Financial Inc. bought a new position in shares of Oracle in the fourth quarter worth approximately $930,095,000. Nuveen LLC bought a new position in shares of Oracle in the first quarter worth approximately $732,692,000. GAMMA Investing LLC grew its holdings in shares of Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Westpark Capital raised their price target on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. JMP Securities raised their price target on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a report on Friday, July 18th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim raised their price objective on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $218.29.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director directly owned 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is currently owned by insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.