KLP Kapitalforvaltning AS Grows Stake in Oracle Corporation $ORCL

Key Points

• KLP Kapitalforvaltning AS increased its stake in Oracle Corporation by 4.5% in Q2, owning 602,222 shares valued at approximately $131.66 million, making it the 24th largest position in its portfolio.
• Several hedge funds made significant moves, with RMG Wealth Management and Ameliora Wealth Management both acquiring new stakes or boosting existing ones in Oracle.
• Oracle recently declared a quarterly dividend of $0.50 per share, which will be paid on October 23rd, representing an annual yield of 0.7%.

KLP Kapitalforvaltning AS lifted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 4.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,222 shares of the enterprise software provider's stock after purchasing an additional 26,100 shares during the quarter. Oracle comprises about 0.6% of KLP Kapitalforvaltning AS's portfolio, making the stock its 24th biggest position. KLP Kapitalforvaltning AS's holdings in Oracle were worth $131,664,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ORCL. RMG Wealth Management LLC acquired a new stake in Oracle in the second quarter worth about $61,000. Ameliora Wealth Management Ltd. boosted its stake in Oracle by 117.1% in the 2nd quarter. Ameliora Wealth Management Ltd. now owns 2,445 shares of the enterprise software provider's stock worth $535,000 after purchasing an additional 1,319 shares in the last quarter. Meitav Investment House Ltd. increased its stake in Oracle by 27.0% during the 2nd quarter. Meitav Investment House Ltd. now owns 455,534 shares of the enterprise software provider's stock valued at $99,543,000 after purchasing an additional 96,790 shares in the last quarter. Country Club Bank raised its holdings in shares of Oracle by 1.4% in the second quarter. Country Club Bank now owns 32,955 shares of the enterprise software provider's stock worth $6,928,000 after buying an additional 469 shares during the last quarter. Finally, Trueblood Wealth Management LLC lifted its stake in shares of Oracle by 2.7% during the second quarter. Trueblood Wealth Management LLC now owns 14,013 shares of the enterprise software provider's stock worth $3,064,000 after buying an additional 364 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael D. Sicilia sold 33,845 shares of the firm's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the transaction, the director owned 17,764 shares of the company's stock, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock worth $31,272,223 in the last ninety days. Corporate insiders own 40.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORCL. JPMorgan Chase & Co. raised their target price on Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Melius Research lifted their target price on Oracle from $270.00 to $370.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Wolfe Research upped 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. Sanford C. Bernstein raised their price target on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. Finally, Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $304.71.

Oracle Trading Up 2.0%

Shares of NYSE:ORCL opened at $291.77 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The business has a 50 day moving average of $263.41 and a two-hundred day moving average of $206.82. 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 (NYSE:ORCL - Get Free Report) last posted its earnings results 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. During the same period last year, the firm earned $1.39 earnings per share. Oracle'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. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.30%.

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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