Assenagon Asset Management S.A. Has $463.38 Million Position in Oracle Corporation $ORCL

Key Points

• Assenagon Asset Management S.A. increased its stake in Oracle Corporation by 840.7% during the second quarter, now owning over 2 million shares valued at approximately $463 million.
• Oracle reported $1.47 earnings per share for the last quarter, missing expectations slightly, while revenue of $14.93 billion also fell short of predictions with a year-over-year increase of 12.2%.
• The company declared a quarterly dividend of $0.50 per share, reflecting a 0.6% dividend yield with a payout ratio of 46.30%.

Assenagon Asset Management S.A. raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 840.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,119,473 shares of the enterprise software provider's stock after acquiring an additional 1,894,157 shares during the period. Oracle makes up 0.7% of Assenagon Asset Management S.A.'s portfolio, making the stock its 26th largest holding. Assenagon Asset Management S.A. owned approximately 0.08% of Oracle worth $463,380,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new stake in Oracle in the 1st quarter valued at about $732,692,000. GAMMA Investing LLC grew its position in 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 worth $664,810,000 after purchasing an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. boosted 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 worth $22,498,982,000 after buying an additional 3,513,464 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Oracle during the second quarter worth $731,512,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 worth $648,572,000 after buying an additional 2,049,687 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 4.2%

ORCL traded up $12.56 on Friday, reaching $309.18. 40,475,718 shares of the company's stock were exchanged, compared to its average volume of 28,056,660. The company's 50 day moving average is $251.63 and its 200-day moving average is $195.39. The company has a market cap of $878.60 billion, a price-to-earnings ratio of 71.57, a PEG ratio of 3.34 and a beta of 1.46. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS 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 net margin of 21.08% and a return on equity of 72.93%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts predict 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. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is 46.30%.

Insider Activity

In related news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 sale, the director owned 17,764 shares of the company's stock, valued at $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,247 shares of company stock valued at $22,090,505 over the last quarter. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ORCL. Guggenheim increased their price objective on shares of Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Stifel Nicolaus lifted their price target on shares of Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. JMP Securities lifted their price objective on shares of Oracle from $315.00 to $342.00 and gave the company a "market outperform" rating in a report on Wednesday, September 10th. Bank of America upgraded shares of Oracle from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $295.00 to $368.00 in a research note on Wednesday, September 10th. Finally, Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.