Oracle Corporation $ORCL Stake Reduced by Avanza Fonder AB

Key Points

• Avanza Fonder AB has decreased its holdings in Oracle Corporation by 10.1%, selling 11,674 shares, bringing its total ownership to 103,737 shares worth approximately $22.68 million.
• Other institutional investors have also made significant changes, with Nuveen LLC acquiring a new position worth around $732.69 million and GAMMA Investing LLC increasing its stake by over 15,000% in the first quarter.
• Oracle reported quarterly earnings of $1.47 per share, missing estimates, and set a dividend of $0.50, representing a 0.6% yield on its shares.

Avanza Fonder AB trimmed its position in Oracle Corporation (NYSE:ORCL - Free Report) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,737 shares of the enterprise software provider's stock after selling 11,674 shares during the period. Oracle makes up about 0.7% of Avanza Fonder AB's holdings, making the stock its 19th biggest position. Avanza Fonder AB's holdings in Oracle were worth $22,680,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its position in shares of Oracle by 4.3% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock valued at $7,179,000 after acquiring an additional 2,110 shares during the period. Canoe Financial LP boosted its stake in shares of Oracle by 314.8% during the 2nd quarter. Canoe Financial LP now owns 484,098 shares of the enterprise software provider's stock worth $105,838,000 after acquiring an additional 367,400 shares in the last quarter. Strs Ohio acquired a new stake in shares of Oracle in the 1st quarter worth approximately $108,572,000. Finally, CBM Financial LLC purchased a new position in Oracle in the 1st quarter valued at approximately $356,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Down 4.9%

Shares of ORCL traded down $16.00 during trading hours on Tuesday, hitting $312.15. The stock had a trading volume of 26,537,813 shares, compared to its average volume of 14,232,398. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The firm has a market cap of $887.03 billion, a P/E ratio of 72.27, a P/E/G ratio of 3.34 and a beta of 1.46. 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 company's fifty day simple moving average is $253.63 and its 200 day simple moving average is $196.92.

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 (EPS) 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 analysts' expectations of $15.04 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The firm'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. Equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.6%. Oracle's payout ratio is 46.30%.

Insider Transactions at Oracle

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the sale, the insider directly owned 78,000 shares of the company's stock, valued at $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,247 shares of company stock worth $22,090,505 over the last three months. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ORCL shares. DA Davidson lifted their price target on Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. The Goldman Sachs Group lifted their target price on shares of Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Melius Research increased their price target on shares of Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Barclays raised their price objective on shares of Oracle from $221.00 to $281.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Finally, Berenberg Bank increased their target price on Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $305.75.

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.