Greatmark Investment Partners Inc. Grows Holdings in Oracle Corporation $ORCL

Key Points

• Greatmark Investment Partners Inc. increased its holdings in Oracle Corporation by 17.5% during the second quarter, now owning 6,646 shares valued at approximately $1.45 million.
• Oracle reported a quarterly EPS of $1.47, slightly missing analysts’ expectations, with revenue of $14.93 billion, showing a year-over-year increase of 12.2%.
• The company declared a quarterly dividend of $0.50 per share, reflecting a dividend yield of 0.7%, with the distribution scheduled for October 23rd.

Greatmark Investment Partners Inc. raised its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 17.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,646 shares of the enterprise software provider's stock after purchasing an additional 991 shares during the quarter. Greatmark Investment Partners Inc.'s holdings in Oracle were worth $1,453,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Reyes Financial Architecture Inc. grew its holdings in Oracle by 7.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock valued at $141,000 after buying an additional 43 shares in the last quarter. Creative Capital Management Investments LLC increased its position in Oracle by 5.7% in the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock worth $174,000 after purchasing an additional 43 shares during the last quarter. MFA Wealth Services lifted its position in Oracle by 1.0% during the second quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider's stock valued at $998,000 after purchasing an additional 43 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of Oracle by 0.4% in the 2nd quarter. Bogart Wealth LLC now owns 11,465 shares of the enterprise software provider's stock worth $2,507,000 after buying an additional 43 shares in the last quarter. Finally, Davis Investment Partners LLC grew its holdings in shares of Oracle by 0.7% in the second quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock worth $1,517,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of ORCL opened at $275.12 on Wednesday. The company has a 50 day moving average of $272.62 and a two-hundred day moving average of $217.84. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a market cap of $784.31 billion, a price-to-earnings ratio of 63.69, a price-to-earnings-growth ratio of 2.97 and a beta of 1.53.

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

Oracle Announces Dividend

The business 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 dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's dividend payout ratio is 46.30%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of Oracle from $360.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday. William Blair restated an "outperform" rating on shares of Oracle in a report on Friday, October 17th. BMO Capital Markets set a $355.00 target price on Oracle and gave the stock an "outperform" rating in a report on Monday, October 13th. The Goldman Sachs Group reissued a "neutral" rating and set a $320.00 price target on shares of Oracle in a research report on Monday. Finally, Morgan Stanley lifted their price objective on Oracle from $246.00 to $320.00 and gave the company an "equal weight" rating in a report on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $323.69.

Insider Transactions at Oracle

In other Oracle news, Director William G. Parrett sold 11,500 shares of the company's stock in a transaction that occurred on 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 owned 17,764 shares in the company, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the sale, the insider owned 78,000 shares of the company's stock, valued at $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. Insiders sold a total of 120,769 shares of company stock worth $36,428,967 over the last ninety days. 40.90% of the stock is currently owned by insiders.

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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