1,027 Shares in Oracle Corporation $ORCL Bought by Hamilton Point Investment Advisors LLC

Key Points

• Hamilton Point Investment Advisors LLC acquired 1,027 shares of Oracle Corporation, valued at approximately $225,000, during the second quarter of 2023.
• Analysts have issued positive ratings for Oracle, with target prices ranging from $175 to $375, leading to a general consensus rating of "Moderate Buy" and an average target price of $307.
• Oracle recently missed earnings expectations, reporting $1.47 EPS versus the consensus estimate of $1.48, and declared a quarterly dividend of $0.50 per share, yielding 0.6% annually.

Hamilton Point Investment Advisors LLC acquired a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,027 shares of the enterprise software provider's stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the period. Northern Trust Corp raised its holdings in shares of Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after purchasing an additional 120,889 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Oracle by 0.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock valued at $1,941,195,000 after buying an additional 59,164 shares in the last quarter. Amundi increased its stake in shares of Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock worth $1,749,280,000 after purchasing an additional 409,691 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position in Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after acquiring an additional 1,885,370 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Redburn Partners set a $175.00 price objective on shares of Oracle in a research report on Thursday, September 25th. BMO Capital Markets set a $355.00 target price on shares of Oracle and gave the company an "outperform" rating in a report on Monday. TD Cowen upped their target price on shares of Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, Sanford C. Bernstein increased their price target on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $307.00.

Oracle Stock Performance

Shares of NYSE ORCL opened at $308.14 on Tuesday. The company has a market cap of $878.43 billion, a PE ratio of 71.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a 50-day simple moving average of $267.80 and a 200-day simple moving average of $211.91.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 company had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Oracle's revenue for the quarter was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's payout ratio is 46.30%.

Insider Activity

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the business's stock in a transaction 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 completion of the sale, the insider owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the sale, the director owned 17,764 shares of the company's stock, valued at approximately $5,435,784. The trade was a 39.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 104,314 shares of company stock valued at $31,272,223. 40.90% of the stock is currently owned by company insiders.

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.

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