Grimes & Company Inc. Increases Stake in Oracle Corporation $ORCL

Grimes & Company Inc. raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 10.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,546 shares of the enterprise software provider's stock after purchasing an additional 1,263 shares during the quarter. Grimes & Company Inc.'s holdings in Oracle were worth $2,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Reyes Financial Architecture Inc. boosted its holdings in shares of Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock worth $141,000 after purchasing an additional 43 shares during the period. Creative Capital Management Investments LLC lifted its holdings in Oracle by 5.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock worth $174,000 after buying an additional 43 shares during the period. Davis Investment Partners LLC grew its position in shares of Oracle by 0.7% in the 2nd quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock worth $1,517,000 after buying an additional 46 shares during the last quarter. Acropolis Investment Management LLC increased its stake in shares of Oracle by 2.6% during the second quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider's stock valued at $404,000 after buying an additional 47 shares during the period. Finally, Sunpointe LLC raised its holdings in shares of Oracle by 0.9% during the second quarter. Sunpointe LLC now owns 5,563 shares of the enterprise software provider's stock valued at $1,216,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $291.77 on Tuesday. The business has a fifty day moving average price of $263.41 and a 200-day moving average price of $206.82. 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 capitalization of $831.77 billion, a PE ratio of 67.54, a PEG ratio of 3.08 and a beta of 1.53. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced 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). The firm had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts expect 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. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is presently 46.30%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent analyst reports. Scotiabank reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, September 10th. The Goldman Sachs Group boosted their price target on shares of Oracle from $195.00 to $310.00 and gave the company a "neutral" rating in a research report on Monday, September 15th. Bank of America upgraded shares of Oracle from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $295.00 to $368.00 in a report on Wednesday, September 10th. Piper Sandler upped their target price on Oracle from $270.00 to $330.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Finally, Royal Bank Of Canada increased their target price on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $304.71.

Insiders Place Their Bets

In other news, insider Clayton M. Magouyrk sold 21,241 shares of the business's stock in a transaction 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 transaction, the insider owned 78,000 shares in the company, valued at $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,314 shares of company stock valued at $31,272,223. Insiders own 40.90% of the company's stock.

Oracle Company 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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