Dock Street Asset Management Inc. Acquires 1,808 Shares of Oracle Corporation $ORCL

Key Points

• Dock Street Asset Management Inc. increased its holdings in Oracle Corporation to 132,098 shares, after acquiring 1,808 additional shares during the 2nd quarter, making Oracle the fund's 14th largest holding.
• Multiple hedge funds reported significant increases in their Oracle shares, with Brighton Jones LLC growing its position by 189.3% in the 4th quarter.
• Oracle's quarterly earnings report missed analysts' expectations slightly, reporting $1.47 EPS against a consensus estimate of $1.48, while revenue rose 12.2% year-over-year.

Dock Street Asset Management Inc. raised 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 & Exchange Commission. The fund owned 132,098 shares of the enterprise software provider's stock after acquiring an additional 1,808 shares during the quarter. Oracle makes up 2.7% of Dock Street Asset Management Inc.'s holdings, making the stock its 14th largest holding. Dock Street Asset Management Inc.'s holdings in Oracle were worth $28,881,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ORCL. Brighton Jones LLC grew its position in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Oracle by 8.1% in the 1st quarter. GAMMA Investing LLC now owns 34,011 shares of the enterprise software provider's stock worth $4,755,000 after buying an additional 2,546 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Oracle by 23.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 575,124 shares of the enterprise software provider's stock worth $80,408,000 after purchasing an additional 107,547 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Oracle by 3.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 16,131 shares of the enterprise software provider's stock worth $2,255,000 after purchasing an additional 557 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORCL. UBS Group set a $364.00 price objective on Oracle in a research note on Friday, September 26th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Rothschild & Co Redburn began coverage on Oracle in a research note on Thursday, September 25th. They set a "sell" rating and a $175.00 price objective for the company. DA Davidson upped their price objective on Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Finally, Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $307.00.

Insiders Place Their Bets

In other news, Director William G. Parrett sold 11,500 shares of the 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 transaction, the director directly owned 17,764 shares of the company's stock, valued at approximately $5,435,784. This represents a 39.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the transaction, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. This represents a 7.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,769 shares of company stock valued at $36,428,967. Insiders own 40.90% of the company's stock.

Oracle Trading Down 2.8%

Oracle stock opened at $299.33 on Wednesday. The stock has a 50-day moving average of $268.67 and a two-hundred day moving average of $212.52. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The stock has a market cap of $853.32 billion, a PE ratio of 69.29, a price-to-earnings-growth ratio of 3.31 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results 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 net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter last year, the business 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. On average, research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a $0.50 dividend. 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 0.7%. Oracle's dividend payout ratio is currently 46.30%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.