Kingstone Capital Partners Texas LLC Makes New $731.51 Million Investment in Oracle Corporation $ORCL

Key Points

• Kingstone Capital Partners Texas LLC acquired a new stake in Oracle Corporation, purchasing 3,345,889 shares valued at approximately $731.51 million, representing 0.12% ownership of the company.
• Insider trading activity included sales by EVP Maria Smith and insider Clayton M. Magouyrk, reducing their holdings by 19.68% and 21.40%, respectively.
• Oracle recently reported Q1 earnings with an EPS of $1.47, missing the consensus estimate of $1.48, and provided a quarterly dividend of $0.50 to be paid on October 23rd, 2023.

Kingstone Capital Partners Texas LLC bought a new position in Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,345,889 shares of the enterprise software provider's stock, valued at approximately $731,512,000. Kingstone Capital Partners Texas LLC owned approximately 0.12% of Oracle at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ORCL. Nuveen LLC bought a new stake in Oracle during the 1st quarter worth approximately $732,692,000. GAMMA Investing LLC boosted its holdings in Oracle by 15,012.3% during the first 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 during the last quarter. Vanguard Group Inc. boosted its holdings 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 worth $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Oracle by 79.2% during the first 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 during the last quarter. Finally, Polen Capital Management LLC boosted its holdings 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 worth $1,762,878,000 after buying an additional 1,885,370 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, insider Michael D. Sicilia sold 16,323 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $313.60, for a total transaction of $5,118,892.80. Following the completion of the sale, the insider directly owned 110,094 shares in the company, valued at $34,525,478.40. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rona Alison Fairhead acquired 480 shares of the stock in a transaction dated Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 78,247 shares of company stock worth $22,090,505 in the last three months. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Roth Capital reissued a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Evercore ISI lifted their price target on Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. Wolfe Research lifted their target price on Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Piper Sandler boosted their price target on Oracle from $270.00 to $330.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $303.44.

Oracle Stock Performance

Shares of ORCL stock traded down $14.62 during trading on Tuesday, hitting $313.53. The company's stock had a trading volume of 14,998,879 shares, compared to its average volume of 14,166,966. The company has a market cap of $890.96 billion, a PE ratio of 72.53, a P/E/G ratio of 3.34 and a beta of 1.46. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The business has a fifty day moving average of $253.63 and a 200-day moving average of $196.92. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

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 (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 company had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The company'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, research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is presently 46.30%.

About Oracle

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.