Legal Advantage Investments Inc. Decreases Stock Position in Oracle Corporation $ORCL

Key Points

• Legal Advantage Investments Inc. reduced its stake in Oracle Corporation by 11.3%, holding 16,796 shares after selling 2,150 shares in the second quarter, representing approximately $3.67 million in value.
• Several institutional investors, including Reyes Financial Architecture Inc. and Creative Capital Management, increased their positions in Oracle during the same period, demonstrating continued interest in the stock despite Legal Advantage's reduction.
• Oracle's recent earnings report showed a miss on earnings per share estimates, reporting $1.47 EPS against a consensus of $1.48, with revenues totaling $14.93 billion, lower than expected.

Legal Advantage Investments Inc. cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,796 shares of the enterprise software provider's stock after selling 2,150 shares during the period. Oracle comprises about 1.7% of Legal Advantage Investments Inc.'s holdings, making the stock its 24th largest position. Legal Advantage Investments Inc.'s holdings in Oracle were worth $3,672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Reyes Financial Architecture Inc. boosted its position in shares of Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock worth $141,000 after buying an additional 43 shares in the last quarter. Creative Capital Management Investments LLC boosted its position in shares of 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 in the last quarter. MFA Wealth Services lifted its holdings in Oracle by 1.0% in the 2nd 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 in the last quarter. Davis Investment Partners LLC lifted its holdings in Oracle by 0.7% in the 2nd quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock valued at $1,517,000 after purchasing an additional 46 shares in the last quarter. Finally, Acropolis Investment Management LLC lifted its holdings in Oracle by 2.6% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider's stock valued at $404,000 after purchasing an additional 47 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the transaction, the director directly owned 29,225 shares in the company, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction that occurred 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 transaction, the insider owned 132,656 shares of the company's stock, valued at approximately $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. Insiders sold 104,314 shares of company stock worth $31,272,223 over the last three months. Insiders own 40.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORCL. Roth Capital restated a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Rothschild & Co Redburn began coverage on shares of Oracle in a report on Thursday, September 25th. They issued a "sell" rating and a $175.00 target price on the stock. Cantor Fitzgerald upped their target price on shares of Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. JMP Securities restated a "market outperform" rating and issued a $342.00 target price on shares of Oracle in a report on Wednesday, September 24th. Finally, Berenberg Bank upped their target price on shares of Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average price target of $306.71.

Oracle Trading Down 1.3%

Shares of ORCL stock opened at $293.04 on Friday. The firm has a market cap of $835.40 billion, a P/E ratio of 67.83, a PEG ratio of 3.15 and a beta of 1.53. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. 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 firm's 50-day simple moving average is $266.69 and its 200-day simple moving average is $210.29.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm'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 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.