Agate Pass Investment Management LLC Has $6.97 Million Stock Position in Oracle Corporation $ORCL

Key Points

• Agate Pass Investment Management LLC increased its holdings in Oracle Corporation by 36.0% in the second quarter, bringing their total position to $6.97 million.
• Oracle's quarterly earnings showed a slight miss, reporting $1.47 EPS against a consensus estimate of $1.48, with revenue at $14.93 billion.
• Insider activity includes significant stock sales, with Director William G. Parrett selling 11,500 shares for approximately $3.52 million, reflecting a 39.3% decrease in his position.

Agate Pass Investment Management LLC raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 36.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,892 shares of the enterprise software provider's stock after purchasing an additional 8,440 shares during the period. Oracle accounts for 2.9% of Agate Pass Investment Management LLC's portfolio, making the stock its 8th largest position. Agate Pass Investment Management LLC's holdings in Oracle were worth $6,973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ORCL. Nuveen LLC purchased a new stake in shares of Oracle during the first quarter valued at approximately $732,692,000. Vanguard Group Inc. grew its holdings in shares of 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 last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Oracle during the second quarter valued at approximately $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Oracle by 840.7% during the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider's stock valued at $463,380,000 after buying an additional 1,894,157 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity

In other Oracle news, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the sale, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. The trade was a 39.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,222 shares of Oracle stock in a transaction on Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director owned 29,225 shares in the company, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock valued at $31,272,223 over the last 90 days. Company insiders own 40.90% of the company's stock.

Oracle Trading Down 1.3%

Shares of Oracle stock opened at $293.04 on Friday. The company's fifty day simple moving average is $266.69 and its 200-day simple moving average is $209.86. The stock has a market capitalization of $835.40 billion, a PE ratio of 67.83, a P/E/G ratio of 3.20 and a beta of 1.53. Oracle Corporation has a 1-year low of $118.86 and a 1-year 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.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.93 billion for 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 revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Guggenheim raised their target price on shares of Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Scotiabank restated an "outperform" rating on shares of Oracle in a report on Wednesday, September 10th. Barclays raised their target price on shares of Oracle from $221.00 to $281.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. BMO Capital Markets set a $345.00 target price on shares of Oracle in a report on Wednesday, September 10th. Finally, Cantor Fitzgerald raised their target price on shares of Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $306.71.

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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