Gilman Hill Asset Management LLC Takes Position in Oracle Corporation $ORCL

Key Points

• Gilman Hill Asset Management LLC has acquired a new position in Oracle Corporation, purchasing 1,780 shares valued at approximately $389,000.
• Oracle's stock has seen significant analyst upgrades, with target price increases from firms like Evercore ISI and Royal Bank of Canada, now averaging around $303.44.
• The company announced a quarterly dividend of $0.50 per share, which will be paid on October 23rd, reflecting a 0.7% dividend yield.

Gilman Hill Asset Management LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,780 shares of the enterprise software provider's stock, valued at approximately $389,000.

Several other large investors also recently bought and sold shares of ORCL. Nuveen LLC purchased a new stake in Oracle during the 1st quarter worth approximately $732,692,000. GAMMA Investing LLC increased its stake in Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. increased its stake in Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after buying an additional 3,513,464 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Oracle by 79.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after buying an additional 2,049,687 shares in the last quarter. Finally, Polen Capital Management LLC grew its position in shares of Oracle by 17.6% in 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 purchasing an additional 1,885,370 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Evercore ISI upped their price target on Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Loop Capital set a $135.00 price target on Oracle in a research report on Tuesday, June 10th. Royal Bank Of Canada upped their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Finally, Cowen restated a "buy" rating and issued a $375.00 price target on shares of Oracle in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $303.44.

Oracle Stock Performance

Shares of ORCL stock traded up $12.56 during mid-day trading on Friday, hitting $309.18. 40,475,718 shares of the stock were exchanged, compared to its average volume of 28,056,660. The stock's fifty day simple moving average is $251.63 and its two-hundred day simple moving average is $195.39. The stock has a market capitalization of $878.60 billion, a price-to-earnings ratio of 71.57, a P/E/G ratio of 3.34 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month 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.

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 firm 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 EPS. The business's revenue for the quarter 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, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors 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%.

Insider Activity

In related news, insider Michael D. Sicilia sold 16,323 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $313.60, for a total value of $5,118,892.80. Following the completion of the sale, the insider owned 110,094 shares in the company, valued at $34,525,478.40. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,247 shares of company stock valued at $22,090,505. Insiders own 42.20% 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.