Exeter Financial LLC Has $5.23 Million Position in Oracle Corporation $ORCL

Key Points

• Exeter Financial LLC has reduced its holdings in Oracle Corporation by 18.9% in the second quarter, now owning $5.23 million worth of shares, which constitute about 2.3% of its portfolio.
• Several hedge funds, including Vanguard Group and Polen Capital Management, have increased their stakes in Oracle during the first quarter, with Vanguard holding over $22 billion in shares.
• Oracle declared a quarterly dividend of $0.50 per share, with a dividend yield of 0.6%, scheduled to be paid on October 23rd.

Exeter Financial LLC decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 18.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,919 shares of the enterprise software provider's stock after selling 5,592 shares during the period. Oracle accounts for about 2.3% of Exeter Financial LLC's portfolio, making the stock its 9th biggest holding. Exeter Financial LLC's holdings in Oracle were worth $5,230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ORCL. Vanguard Group Inc. boosted its stake in Oracle by 2.2% during 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 buying an additional 3,513,464 shares during the last quarter. Northern Trust Corp boosted its stake in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after buying an additional 120,889 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock valued at $1,941,195,000 after buying an additional 59,164 shares during the last quarter. Amundi boosted its stake in Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock valued at $1,749,280,000 after buying an additional 409,691 shares during the last quarter. Finally, Polen Capital Management LLC boosted its stake in Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after buying an additional 1,885,370 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ORCL. Cowen reissued a "buy" rating and set a $375.00 price target on shares of Oracle in a research note on Wednesday, September 10th. Piper Sandler increased their price target on Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. increased their price target on Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. William Blair reaffirmed an "outperform" rating on shares of Oracle in a research note on Monday. Finally, Barclays raised their price objective on Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $305.75.

Insider Transactions at Oracle

In other news, Director William G. Parrett sold 11,500 shares of the stock in a transaction that occurred on 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 sale, 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 the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $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. In the last 90 days, insiders sold 112,092 shares of company stock valued at $32,960,165. Company insiders own 42.20% of the company's stock.

Oracle Trading Down 1.6%

Shares of NYSE ORCL opened at $308.86 on Thursday. 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 business's 50 day moving average price is $256.58 and its 200-day moving average price is $198.50. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a market cap of $877.69 billion, a price-to-earnings ratio of 71.50, a PEG ratio of 3.39 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly 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 business had revenue of $14.93 billion during the quarter, compared to analysts' expectations 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. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared 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. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio is presently 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.

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