Cardinal Point Capital Management ULC Increases Stock Position in Oracle Corporation $ORCL

Key Points

• Cardinal Point Capital Management ULC has increased its stake in Oracle Corporation by 13.9%, holding approximately $14.7 million worth of the company's stock.
• Analysts have a positive outlook on Oracle, with three analysts rating it as a Strong Buy and an average price target of $323.69.
• Oracle recently declared a quarterly dividend of $0.50 per share, with a dividend yield of 0.7% and a payout ratio of 46.30%.

Cardinal Point Capital Management ULC boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 13.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,185 shares of the enterprise software provider's stock after acquiring an additional 8,218 shares during the period. Oracle comprises approximately 1.1% of Cardinal Point Capital Management ULC's portfolio, making the stock its 25th largest position. Cardinal Point Capital Management ULC's holdings in Oracle were worth $14,689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Nuveen LLC purchased a new stake in Oracle in the first quarter valued at $732,692,000. Vanguard Group Inc. lifted its position in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Oracle in the second quarter valued at $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Oracle by 79.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock valued at $648,572,000 after acquiring an additional 2,049,687 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Oracle by 840.7% in the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider's stock valued at $463,380,000 after buying an additional 1,894,157 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ORCL shares. William Blair reaffirmed an "outperform" rating on shares of Oracle in a report on Friday, October 17th. Piper Sandler upped their target price on shares of Oracle from $330.00 to $380.00 and gave the company an "overweight" rating in a report on Friday, October 17th. Redburn Partners set a $175.00 target price on shares of Oracle in a report on Thursday, September 25th. Evercore ISI upped their target price on shares of Oracle from $350.00 to $385.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Finally, Sanford C. Bernstein upped their target price on shares of Oracle from $363.00 to $364.00 and gave the company an "outperform" rating in a report on Friday, September 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $323.69.

Insider Activity at Oracle

In other Oracle news, Director William G. Parrett sold 11,500 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This represents a 39.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maria Smith sold 5,000 shares of the company's stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the transaction, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. The trade was a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 170,769 shares of company stock valued at $50,297,667 in the last ninety days. Company insiders own 40.90% of the company's stock.

Oracle Trading Up 2.7%

NYSE ORCL opened at $280.09 on Friday. 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 firm has a 50-day moving average price of $273.89 and a 200 day moving average price of $219.28. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market capitalization of $798.46 billion, a P/E ratio of 64.83, a P/E/G ratio of 2.93 and a beta of 1.53.

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 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 company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company's quarterly 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. Equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, October 9th. Oracle's dividend payout ratio is presently 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.

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