Benson Investment Management Company Inc. Sells 5,387 Shares of Oracle Corporation $ORCL

Key Points

• Benson Investment Management sold 5,387 shares of Oracle Corporation, reducing its holdings by 17.4% and leaving it with 25,566 shares, representing about 2.1% of its portfolio.
• Several institutional investors increased their stakes in Oracle, including Aberdeen Group with a 4.7% boost and Agate Pass Investment Management with a 36% increase during the same period.
• Oracle's most recent quarterly earnings were lower than expected, with an EPS of $1.47 compared to an anticipated $1.48, alongside a revenue of $14.93 billion, missing the forecast of $15.04 billion.

Benson Investment Management Company Inc. reduced its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,566 shares of the enterprise software provider's stock after selling 5,387 shares during the period. Oracle comprises approximately 2.1% of Benson Investment Management Company Inc.'s portfolio, making the stock its 18th biggest holding. Benson Investment Management Company Inc.'s holdings in Oracle were worth $5,589,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Aberdeen Group plc boosted its stake in shares of Oracle by 4.7% during the second quarter. Aberdeen Group plc now owns 1,510,844 shares of the enterprise software provider's stock valued at $332,733,000 after purchasing an additional 67,570 shares during the period. Agate Pass Investment Management LLC boosted its stake in shares of Oracle by 36.0% during the second quarter. Agate Pass Investment Management LLC now owns 31,892 shares of the enterprise software provider's stock valued at $6,973,000 after purchasing an additional 8,440 shares during the period. First Fiduciary Investment Counsel Inc. boosted its stake in shares of Oracle by 1.7% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 73,657 shares of the enterprise software provider's stock valued at $16,104,000 after purchasing an additional 1,196 shares during the period. PDS Planning Inc boosted its stake in shares of Oracle by 0.5% during the second quarter. PDS Planning Inc now owns 18,374 shares of the enterprise software provider's stock valued at $4,017,000 after purchasing an additional 88 shares during the period. Finally, JB Capital LLC purchased a new stake in shares of Oracle during the second quarter valued at approximately $293,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In related news, Director William G. Parrett sold 11,500 shares of Oracle 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 completion of the sale, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction dated 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 owned 78,000 shares of the company's stock, valued at $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,314 shares of company stock worth $31,272,223. Corporate insiders own 40.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Cantor Fitzgerald increased their price objective on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Jefferies Financial Group increased their price objective on Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Roth Capital reissued a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Baird R W raised Oracle to a "strong-buy" rating in a research note on Wednesday. Finally, Guggenheim raised their price target on Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $306.71.

Oracle Stock Performance

Shares of Oracle stock opened at $293.04 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $835.40 billion, a P/E ratio of 67.83, a P/E/G ratio of 3.20 and a beta of 1.53. The business has a fifty day simple moving average of $266.69 and a two-hundred day simple moving average of $209.86. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 firm 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 period in the prior year, the business posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio (DPR) is currently 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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