Cardinal Capital Management Inc. Has $30.68 Million Position in Oracle Corporation $ORCL

Key Points

• Cardinal Capital Management Inc. reduced its stake in Oracle Corporation by 1.2%, now holding 140,346 shares valued at approximately $30.68 million.
• Oracle recently reported earnings per share of $1.47, which was slightly below analysts' estimates, alongside revenue of $14.93 billion, a 12.2% year-over-year increase.
• The company announced a quarterly dividend of $0.50, with an ex-dividend date of October 9th, reflecting an annualized yield of 0.6%.

Cardinal Capital Management Inc. trimmed its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 1.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,346 shares of the enterprise software provider's stock after selling 1,653 shares during the period. Cardinal Capital Management Inc.'s holdings in Oracle were worth $30,684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the first quarter valued at about $28,000. Iron Horse Wealth Management LLC grew its position in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter worth $30,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Oracle in the 4th quarter worth about $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related 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 in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rona Alison Fairhead acquired 480 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 78,247 shares of company stock valued at $22,090,505. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Stifel Nicolaus increased their target price on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Scotiabank reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Jefferies Financial Group upped their price target on shares of Oracle from $270.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Finally, DA Davidson raised their price target on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $303.44.

Oracle Price Performance

Shares of ORCL traded up $12.56 during mid-day trading on Friday, hitting $309.18. 40,475,718 shares of the company were exchanged, compared to its average volume of 29,628,284. The company has a 50 day moving average of $251.63 and a 200-day moving average of $195.70. 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 quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $878.60 billion, a price-to-earnings ratio of 71.57, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The company's revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. Oracle's dividend payout ratio (DPR) is currently 46.30%.

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.