Bank of New York Mellon Corp Increases Stock Holdings in Oracle Corporation $ORCL

Bank of New York Mellon Corp boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,938,457 shares of the enterprise software provider’s stock after buying an additional 98,693 shares during the period. Oracle makes up approximately 0.6% of Bank of New York Mellon Corp’s holdings, making the stock its 21st largest holding. Bank of New York Mellon Corp owned approximately 0.42% of Oracle worth $3,357,572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ORCL. Darwin Wealth Management LLC lifted its holdings in shares of Oracle by 130.0% in the 3rd quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after acquiring an additional 65 shares during the last quarter. Winnow Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth about $28,000. Financial Consulate Inc. bought a new stake in Oracle in the third quarter worth about $37,000. Corundum Trust Company INC purchased a new position in shares of Oracle during the third quarter valued at approximately $39,000. Finally, Kilter Group LLC bought a new position in shares of Oracle during the second quarter valued at approximately $30,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Clayton M. Magouyrk sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $192.52, for a total value of $1,925,200.00. Following the sale, the chief executive officer directly owned 144,030 shares in the company, valued at approximately $27,728,655.60. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,223 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $196.61, for a total transaction of $437,064.03. Following the transaction, the director owned 25,596 shares of the company’s stock, valued at approximately $5,032,429.56. This trade represents a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,223 shares of company stock worth $12,136,764 over the last ninety days. 40.90% of the stock is currently owned by company insiders.

Key Oracle News

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Oracle’s role in the newly structured U.S. TikTok venture and related headlines have been a near-term catalyst, supporting expectations for new consumer-facing revenue and strategic leverage of Oracle’s cloud footprint. Oracle shares rise after TikTok deal finalized
• Positive Sentiment: Analyst support and buy-side interest remain: Guggenheim reiterated a Buy and called ORCL a top software idea, which can help underpin demand for the shares. Guggenheim Reiterates Buy on Oracle
• Positive Sentiment: Longer-term growth drivers: Oracle is aggressively ramping cloud CapEx (reported plan toward $50B) and boasts a rapidly growing revenue backlog, which supports expectations for AI/GPU-driven infrastructure revenue expansion. Is Oracle’s Rising Cloud CapEx Driving Its Next Growth Phase?
• Neutral Sentiment: Operational hiccup: Oracle said a weather-related power outage at one of its data centers caused issues for U.S. TikTok users — a short-term operational event rather than a structural problem for Oracle’s cloud business. Oracle says outage at data center causes issues faced by US TikTok users
• Negative Sentiment: Legal risk: Multiple firms (Rosen Law Firm, Pomerantz LLP) have announced investigations / class actions related to Oracle’s senior notes and offering documents; new securities litigation increases uncertainty, potential legal costs and investor concern. ORCL Investors Have Opportunity to Lead Oracle Corporation Securities Lawsuit
• Negative Sentiment: Analyst downgrade pressure: At least one analyst sharply cut their price target by >30%, signaling reduced near-term expectations and contributing to selling pressure. Why 1 Analyst Just Slashed Their Price Target on Oracle Stock by More than 30%
• Negative Sentiment: Reputational / demand risk for TikTok tie-up: U.S. TikTok uninstalls spiked and political criticism (public figures warning about concentration of control) create user- and PR-risk that could blunt the consumer upside from the TikTok arrangement. TikTok uninstalls are up 150% following U.S. joint venture

Oracle Price Performance

Shares of ORCL opened at $174.86 on Wednesday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50 day moving average price of $196.68 and a 200-day moving average price of $238.81. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The stock has a market capitalization of $502.40 billion, a PE ratio of 32.87, a PEG ratio of 1.61 and a beta of 1.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The company had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. Oracle’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. Oracle’s dividend payout ratio (DPR) is presently 37.59%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada dropped their price objective on Oracle from $250.00 to $195.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Mizuho set a $400.00 target price on shares of Oracle in a research note on Monday, December 15th. Piper Sandler reduced their price target on shares of Oracle from $380.00 to $290.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Scotiabank lowered their price objective on shares of Oracle from $360.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Thursday, December 11th. Finally, HSBC restated a “buy” rating and issued a $382.00 target price on shares of Oracle in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $300.46.

About Oracle

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.