JLB & Associates Inc. Cuts Stock Position in Oracle Corporation $ORCL

Key Points

• JLB & Associates Inc. has reduced its stake in Oracle Corporation by 4.2%, now holding 176,016 shares valued at approximately $38.48 million, making it the largest position in their portfolio.
• Various hedge funds have increased their investment in Oracle, with significant new positions from firms like Redmont Wealth Advisors LLC and Iron Horse Wealth Management LLC.
• Oracle has declared a quarterly dividend of $0.50, with a payout ratio of 46.30%, reflecting a commitment to returning value to shareholders despite mixed earnings reports.

JLB & Associates Inc. decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 176,016 shares of the enterprise software provider's stock after selling 7,621 shares during the period. Oracle makes up approximately 5.4% of JLB & Associates Inc.'s holdings, making the stock its biggest position. JLB & Associates Inc.'s holdings in Oracle were worth $38,482,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC grew its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Oracle during the second quarter valued at $34,000. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Oracle during the first quarter valued at about $39,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ORCL. Piper Sandler increased their target price on shares of Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Redburn Partners set a $175.00 target price on Oracle in a report on Thursday. William Blair restated an "outperform" rating on shares of Oracle in a research report on Monday, September 22nd. Finally, Cantor Fitzgerald lifted their price target on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $304.71.

Insider Activity

In other news, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,092 shares of company stock worth $32,960,165. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

NYSE ORCL opened at $282.68 on Tuesday. The stock has a market capitalization of $803.29 billion, a P/E ratio of 65.44, a P/E/G ratio of 3.05 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The business's fifty day moving average is $258.97 and its two-hundred day moving average is $202.09. 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 released its quarterly earnings data 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). The company had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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 paid 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 yield of 0.7%. Oracle's dividend payout ratio (DPR) 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.

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