Rep. Jefferson Shreve Sells Off Shares of Oracle Corporation (NYSE:ORCL)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Oracle Corporation NYSE: ORCL. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Oracle stock on May 12th. 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 Trading Up 0.9%

NYSE:ORCL traded up $2.22 on Friday, reaching $245.05. The stock had a trading volume of 7,146,126 shares, compared to its average volume of 13,472,494. The company has a market cap of $688.31 billion, a price-to-earnings ratio of 56.46, a P/E/G ratio of 3.62 and a beta of 1.39. 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 firm's fifty day moving average is $204.42 and its two-hundred day moving average is $171.59. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $251.60.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Oracle's dividend payout ratio (DPR) is 46.08%.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 448,669 shares of company stock valued at $85,555,309 in the last ninety days. 42.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oracle

A number of institutional investors have recently bought and sold shares of the business. Legend Financial Advisors Inc. bought a new stake in shares of Oracle in the 2nd quarter valued at approximately $34,000. HighMark Wealth Management LLC acquired a new stake in Oracle in the 2nd quarter worth approximately $38,000. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $33,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the first quarter valued at $27,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. DA Davidson increased their target price on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Scotiabank initiated coverage on shares of Oracle in a report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price target on the stock. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. Cowen reissued a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $218.29.

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.