1,095 Shares in Oracle Corporation $ORCL Bought by Cascade Investment Group Inc.

Key Points

• Cascade Investment Group Inc. purchased 1,095 shares of Oracle Corporation, valued at approximately $239,000, during the second quarter.
• Oracle's latest earnings report showed a revenue increase of 12.2% year-over-year, but the company missed earnings per share estimates by $0.01.
• The company announced a quarterly dividend of $0.50 to be paid on October 23rd, with an annualized yield of 0.7%.

Cascade Investment Group Inc. bought a new position in Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,095 shares of the enterprise software provider's stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC lifted its position in Oracle by 1.9% in the second quarter. Cyndeo Wealth Partners LLC now owns 106,502 shares of the enterprise software provider's stock worth $23,285,000 after purchasing an additional 1,968 shares during the period. L. Roy Papp & Associates LLP raised its stake in Oracle by 7.2% during the second quarter. L. Roy Papp & Associates LLP now owns 9,725 shares of the enterprise software provider's stock worth $2,126,000 after acquiring an additional 655 shares in the last quarter. Vivid Wealth Management LLC raised its stake in Oracle by 0.4% during the second quarter. Vivid Wealth Management LLC now owns 16,011 shares of the enterprise software provider's stock worth $3,501,000 after acquiring an additional 70 shares in the last quarter. Mengis Capital Management Inc. raised its stake in Oracle by 28.4% during the second quarter. Mengis Capital Management Inc. now owns 7,548 shares of the enterprise software provider's stock worth $1,650,000 after acquiring an additional 1,670 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC acquired a new position in Oracle during the second quarter worth $278,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $296.95 on Friday. The business has a fifty day moving average of $265.72 and a 200-day moving average of $208.90. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $846.54 billion, a PE ratio of 68.74, a price-to-earnings-growth ratio of 3.11 and a beta of 1.53. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.Oracle's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities research analysts predict 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 given 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 dividend payout ratio (DPR) is presently 46.30%.

Insider Transactions at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the transaction, the director owned 17,764 shares in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock valued at $31,272,223 in the last three months. Company insiders own 40.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BMO Capital Markets set a $345.00 price objective on Oracle in a research note on Wednesday, September 10th. Cantor Fitzgerald increased their price objective on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Royal Bank Of Canada increased their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Evercore ISI increased their price objective on Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 10th. Finally, Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $306.43.

About Oracle

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.