AEGON ASSET MANAGEMENT UK Plc Purchases 9,790 Shares of Oracle Corporation $ORCL

Key Points

• AEGON ASSET MANAGEMENT UK Plc increased its stake in Oracle Corporation by 5.6%, owning 186,140 shares valued at approximately $40.7 million after purchasing an additional 9,790 shares.
• Oracle's stock has received multiple upgrades from analysts, with Bank of America and Wolfe Research setting new price targets ranging from $368 to $400 and maintaining strong buy ratings.
• The company declared a quarterly dividend of $0.50, yielding around 0.7%, with an ex-dividend date of October 9th.

AEGON ASSET MANAGEMENT UK Plc raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 5.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 186,140 shares of the enterprise software provider's stock after purchasing an additional 9,790 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Oracle were worth $40,679,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Aries Wealth Management raised its stake in Oracle by 2.6% during the second quarter. Aries Wealth Management now owns 6,881 shares of the enterprise software provider's stock worth $1,504,000 after buying an additional 175 shares during the last quarter. Cypress Wealth Services LLC raised its stake in Oracle by 25.0% during the second quarter. Cypress Wealth Services LLC now owns 6,320 shares of the enterprise software provider's stock worth $1,382,000 after buying an additional 1,263 shares during the last quarter. Hamilton Point Investment Advisors LLC bought a new position in Oracle during the second quarter worth $225,000. Innova Wealth Partners bought a new position in Oracle during the second quarter worth $517,000. Finally, Sagespring Wealth Partners LLC raised its stake in Oracle by 4.4% during the second quarter. Sagespring Wealth Partners LLC now owns 17,753 shares of the enterprise software provider's stock worth $3,881,000 after buying an additional 742 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ORCL shares. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Bank of America raised Oracle from a "neutral" rating to a "buy" rating and boosted their price target for the company from $295.00 to $368.00 in a research note on Wednesday, September 10th. Wolfe Research boosted their price target on Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. JMP Securities reissued a "market outperform" rating and issued a $342.00 price target on shares of Oracle in a research note on Wednesday, September 24th. Finally, BMO Capital Markets set a $355.00 price target on Oracle and gave the company an "outperform" rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $307.00.

Insiders Place Their Bets

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

Oracle Price Performance

Shares of NYSE:ORCL opened at $299.33 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The stock's 50 day moving average is $268.67 and its 200-day moving average is $212.52. The firm has a market capitalization of $853.32 billion, a price-to-earnings ratio of 69.29, a PEG ratio of 3.31 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last issued its 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 return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the company earned $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. Sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared 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 of this dividend is Thursday, October 9th. Oracle's dividend payout ratio is presently 46.30%.

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.

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