Courier Capital LLC Has $14.59 Million Stock Position in Oracle Corporation $ORCL

Key Points

• Courier Capital LLC reduced its stake in Oracle Corporation by 1.4% during the 2nd quarter, holding 66,733 shares worth approximately $14.59 million.
• Oracle reported quarterly earnings of $1.47 per share, missing analyst estimates and experiencing a 12.2% year-over-year revenue increase to $14.93 billion.
• The company announced a quarterly dividend of $0.50 per share, yielding 0.6%, with the payout date set for October 23rd.

Courier Capital LLC reduced its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,733 shares of the enterprise software provider's stock after selling 942 shares during the quarter. Oracle makes up approximately 0.9% of Courier Capital LLC's holdings, making the stock its 24th largest holding. Courier Capital LLC's holdings in Oracle were worth $14,590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Oracle by 71.6% in 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 acquiring an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its holdings in 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 worth $7,179,000 after buying an additional 2,110 shares in the last quarter. Cascade Investment Group Inc. bought a new stake in shares of Oracle during the 2nd quarter valued at $239,000. Lockerman Financial Group Inc. bought a new stake in shares of Oracle during the 2nd quarter valued at $328,000. Finally, Elser Financial Planning Inc bought a new stake in shares of Oracle during the 2nd quarter valued at $1,066,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. Rothschild & Co Redburn initiated coverage on shares of Oracle in a research report on Thursday, September 25th. They set a "sell" rating and a $175.00 target price for the company. Evercore ISI upped their price objective on shares of Oracle from $340.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday. Citigroup restated a "buy" rating on shares of Oracle in a research report on Friday. Barclays upped their price objective on shares of Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Finally, Berenberg Bank upped their price objective on shares of Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a research report on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $307.00.

Oracle Trading Up 5.2%

Oracle stock opened at $308.14 on Tuesday. The firm has a 50-day moving average of $267.80 and a 200-day moving average of $211.91. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $878.43 billion, a price-to-earnings ratio of 71.33, a P/E/G ratio of 3.15 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 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 business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Insider Activity

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of the firm's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director owned 29,225 shares of the company's stock, valued at $8,443,394.75. This trade represents a 7.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,314 shares of company stock valued at $31,272,223. Company insiders own 40.90% of the company's stock.

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.

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