1,000 Shares in Oracle Corporation $ORCL Purchased by West Tower Group LLC

Key Points

• West Tower Group LLC has acquired a new stake in Oracle Corporation by purchasing 1,000 shares valued at approximately $219,000 during the second quarter.
• Insider Michael D. Sicilia sold 33,845 shares for over $10.8 million, resulting in a 20.33% decrease in their ownership.
• Oracle has announced a quarterly dividend of $0.50, with an ex-dividend date of October 9th, and a yield of 0.7%.

West Tower Group LLC acquired a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,000 shares of the enterprise software provider's stock, valued at approximately $219,000.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after acquiring an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. grew its position in shares of Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock valued at $7,179,000 after purchasing an additional 2,110 shares in the last quarter. Private Wealth Asset Management LLC raised its stake in shares of Oracle by 9.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider's stock valued at $835,000 after purchasing an additional 321 shares during the period. Cascade Investment Group Inc. purchased a new stake in Oracle during the 2nd quarter worth about $239,000. Finally, Lockerman Financial Group Inc. bought a new position in Oracle in the 2nd quarter worth about $328,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider directly owned 132,656 shares of the company's stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 21,241 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the sale, the insider owned 78,000 shares of the company's stock, valued at approximately $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,769 shares of company stock valued at $36,428,967. 40.90% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

NYSE ORCL opened at $291.95 on Monday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a fifty day moving average of $271.71 and a 200-day moving average of $216.40. The company has a market capitalization of $832.28 billion, a P/E ratio of 67.58, a P/E/G ratio of 3.14 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 - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm 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 earned $1.39 EPS. The company'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. As a group, equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. Stifel Nicolaus upped their price target on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Baird R W raised shares of Oracle to a "strong-buy" rating in a report on Wednesday, October 8th. Cantor Fitzgerald increased their target price on shares of Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Weiss Ratings upgraded shares of Oracle from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $323.40.

Oracle 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.