Oracle shares rose 5.1% this morning to a price of $170.33. The stock is still trading within range of its average target price of $174.51, and over the last 52 weeks, it has recorded a 51.0% performance. Analysts have given the Large-Cap Software stock target prices ranging from $125.0 to $210.0 dollars per share, with an average rating of buy.
The stock has a very low short interest at 1.1%, and a short ratio of 3.16. The company's insiders own 41.62% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 44.3% of Oracle's shares being owned by this investor type.
Institutions Invested in Oracle
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 6% | 153,151,994 | $26,086,379,418 |
| 2024-06-30 | Blackrock Inc. | 5% | 128,604,577 | $21,905,217,835 |
| 2024-06-30 | State Street Corporation | 2% | 68,593,995 | $11,683,615,293 |
| 2024-06-30 | JP Morgan Chase & Company | 1% | 39,989,809 | $6,811,464,240 |
| 2024-06-30 | FMR, LLC | 1% | 40,039,315 | $6,819,896,597 |
| 2024-06-30 | Geode Capital Management, LLC | 1% | 34,309,642 | $5,843,961,384 |
| 2024-06-30 | Morgan Stanley | 1% | 21,561,998 | $3,672,655,158 |
| 2024-06-30 | Loomis Sayles & Company, LP | 1% | 19,025,485 | $3,240,610,894 |
| 2024-06-30 | Fisher Asset Management, LLC | 1% | 17,587,320 | $2,995,648,247 |
| 2024-06-30 | Northern Trust Corporation | 1% | 17,445,885 | $2,971,557,623 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Oracle.
