Thurston Springer Miller Herd & Titak Inc. Buys 37,249 Shares of Oracle Corporation $ORCL

by · The Markets Daily

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 4,907.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,008 shares of the enterprise software provider’s stock after purchasing an additional 37,249 shares during the period. Oracle accounts for about 2.6% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 6th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Oracle were worth $7,408,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of Oracle in the 3rd quarter worth $28,000. Darwin Wealth Management LLC boosted its stake in Oracle by 130.0% during the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after buying an additional 65 shares in the last quarter. Mpwm Advisory Solutions LLC boosted its stake in Oracle by 76.9% during the third quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new position in Oracle during the third quarter worth about $35,000. Finally, Financial Consulate Inc. acquired a new position in Oracle during the third quarter worth about $37,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 0.0%

Shares of ORCL opened at $146.31 on Friday. The business’s 50-day moving average price is $153.19 and its 200 day moving average price is $207.27. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.66. The stock has a market capitalization of $420.79 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.40 and a beta of 1.60. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72.

Oracle (NYSE:ORCL – Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The enterprise software provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.08. Oracle had a net margin of 25.30% and a return on equity of 62.70%. The company had revenue of $17.19 billion during the quarter, compared to analyst estimates of $16.91 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was up 21.7% on a year-over-year basis. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. Analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, April 9th. Oracle’s dividend payout ratio is 35.91%.

Insider Buying and Selling

In other Oracle news, EVP Douglas A. Kehring sold 35,000 shares of Oracle stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $194.89, for a total transaction of $6,821,150.00. Following the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $6,555,709.82. The trade was a 50.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Clayton M. Magouyrk sold 10,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $155.23, for a total transaction of $1,552,300.00. Following the sale, the chief executive officer directly owned 134,030 shares in the company, valued at approximately $20,805,476.90. This trade represents a 6.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 40.90% of the company’s stock.

Oracle News Summary

Here are the key news stories impacting Oracle this week:

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of Oracle to a “strong-buy” rating in a report on Monday, January 12th. Barclays lowered their price objective on shares of Oracle from $310.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. TD Cowen dropped their target price on shares of Oracle from $350.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Morgan Stanley cut their target price on shares of Oracle from $320.00 to $213.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Finally, Oppenheimer raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $262.91.

Check Out Our Latest Stock Report on Oracle

Oracle Company Profile

(Free Report)

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.

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