Financial Enhancement Group LLC Invests $351,000 in Oracle Corporation $ORCL

Key Points

• Financial Enhancement Group LLC acquired 1,524 shares of Oracle Corporation, valued at approximately $351,000, in the 2nd quarter of 2023.
• Insider trading activity includes Director William G. Parrett selling 11,500 shares for over $3.5 million, reducing his ownership by 39.30%.
• Oracle reported earnings of $1.47 per share, slightly missing analyst estimates, while revenue grew 12.2% year-over-year despite falling short of forecasts.

Financial Enhancement Group LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,524 shares of the enterprise software provider's stock, valued at approximately $351,000.

Other large investors also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Oracle in the first quarter valued at approximately $732,692,000. GAMMA Investing LLC increased its position in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $731,512,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Oracle by 79.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock valued at $648,572,000 after buying an additional 2,049,687 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of ORCL traded up $20.44 during mid-day trading on Monday, reaching $329.10. 44,291,474 shares of the stock traded hands, compared to its average volume of 29,628,284. The company has a market cap of $935.21 billion, a price-to-earnings ratio of 76.18, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The firm has a fifty day moving average price of $253.63 and a 200 day moving average price of $196.92. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. 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 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. 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 dividend payout ratio (DPR) is currently 46.30%.

Insider Buying and Selling at Oracle

In other Oracle news, insider Michael D. Sicilia sold 16,323 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $313.60, for a total value of $5,118,892.80. Following the completion of the transaction, the insider owned 110,094 shares of the company's stock, valued at $34,525,478.40. The trade was a 12.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,247 shares of company stock valued at $22,090,505 over the last quarter. Company insiders own 42.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORCL shares. Morgan Stanley lifted their price target on shares of Oracle from $175.00 to $246.00 and gave the stock an "equal weight" rating in a report on Monday, September 8th. Piper Sandler upped their price target on Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Mizuho lifted their price objective on Oracle from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. Berenberg Bank boosted their price objective on Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a research note on Monday, September 15th. Finally, 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 report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $303.44.

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.