Bank Pictet & Cie Europe AG Makes New Investment in Oracle Corporation $ORCL

Key Points

• Bank Pictet & Cie Europe AG acquired a new stake in Oracle Corporation, purchasing 1,647 shares valued at approximately $360,000 in the second quarter.
• Two analysts recently raised their price targets for Oracle, with Bank of America increasing its target from $295 to $368, while Cantor Fitzgerald raised it from $271 to $400, highlighting strong market confidence.
• The company reported a quarterly earnings miss at $1.47 EPS, falling short of the $1.48 consensus, despite a year-over-year revenue increase of 12.2% to $14.93 billion.

Bank Pictet & Cie Europe AG purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,647 shares of the enterprise software provider's stock, valued at approximately $360,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC increased its stake in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $60,000. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Oracle in the 1st quarter valued at about $39,000. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred 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 owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the transaction, the insider directly owned 132,656 shares of the company's stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,092 shares of company stock worth $32,960,165. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ORCL. Bank of America raised Oracle from a "neutral" rating to a "buy" rating and upped their price target for the company from $295.00 to $368.00 in a research note on Wednesday, September 10th. BNP Paribas set a $377.00 price objective on Oracle in a research report on Wednesday, September 10th. TD Cowen boosted their price objective on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. KeyCorp boosted their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Finally, Cantor Fitzgerald boosted their price objective on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $304.71.

Oracle Trading Down 2.8%

NYSE:ORCL opened at $283.29 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The business has a 50 day moving average price of $258.19 and a two-hundred day moving average price of $200.44. The company has a market cap of $805.03 billion, a P/E ratio of 65.58, a price-to-earnings-growth ratio of 3.13 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 last year, the company earned $1.39 EPS. The company's revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, analysts expect 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. Shareholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle's dividend payout ratio is 46.30%.

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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