OLD National Bancorp IN Acquires 38,560 Shares of Oracle Corporation $ORCL

OLD National Bancorp IN increased its holdings in Oracle Corporation (NYSE:ORCL) by 132.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,683 shares of the enterprise software provider’s stock after acquiring an additional 38,560 shares during the period. OLD National Bancorp IN’s holdings in Oracle were worth $14,798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in Oracle during the second quarter valued at $34,000. HighMark Wealth Management LLC bought a new position in Oracle during the second quarter valued at $38,000. Redmont Wealth Advisors LLC bought a new position in Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in Oracle during the first quarter valued at $28,000. Finally, Iron Horse Wealth Management LLC grew its holdings in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Rona Alison Fairhead acquired 480 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the transaction, the insider owned 132,656 shares of the company’s stock, valued at approximately $42,603,800.96. The trade was a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,314 shares of company stock worth $31,272,223 over the last 90 days. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. Piper Sandler increased their price objective on Oracle from $270.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Morgan Stanley increased their target price on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. increased their target price on Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Melius Research increased their target price on Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, BMO Capital Markets set a $345.00 target price on Oracle in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $304.71.

Oracle Price Performance

ORCL stock opened at $286.23 on Friday. The firm has a 50 day moving average price of $262.53 and a 200-day moving average price of $205.48. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The firm has a market capitalization of $815.99 billion, a price-to-earnings ratio of 66.26, a PEG ratio of 3.08 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. Oracle’s revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s payout ratio is presently 46.30%.

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.