Lmcg Investments LLC Sells 6,476 Shares of Oracle Corporation $ORCL

Key Points

• Lmcg Investments LLC reduced its holdings in Oracle Corporation by 6.3%, selling 6,476 shares and retaining 96,985 shares, making Oracle 1.3% of their portfolio.
• Wall Street analysts have raised their price targets for Oracle significantly, with Morgan Stanley increasing its target from $246 to $320 and TD Cowen raising theirs to $375.
• Oracle recently declared a quarterly dividend of $0.50, set to be paid on October 23rd, representing an annual yield of 0.7%.

Lmcg Investments LLC trimmed its position in Oracle Corporation (NYSE:ORCL - Free Report) by 6.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,985 shares of the enterprise software provider's stock after selling 6,476 shares during the period. Oracle makes up approximately 1.3% of Lmcg Investments LLC's portfolio, making the stock its 15th biggest position. Lmcg Investments LLC's holdings in Oracle were worth $21,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC increased its holdings in Oracle by 284.9% during the 1st 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. bought a new stake in Oracle during the 2nd quarter worth approximately $34,000. Finally, HighMark Wealth Management LLC bought a new stake in Oracle during the 2nd quarter worth approximately $38,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Morgan Stanley boosted their price objective on Oracle from $246.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. Barclays upped their target price on Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Piper Sandler upped their target price on Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Finally, TD Cowen upped their target price on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $306.71.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the company's 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 completion of the transaction, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. The trade was a 20.33% 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. Company insiders own 40.90% of the company's stock.

Oracle Price Performance

Oracle stock opened at $293.04 on Friday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. 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's 50 day simple moving average is $266.69 and its 200 day simple moving average is $209.86. The company has a market cap of $835.40 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.20 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last posted 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter in the previous year, the company posted $1.39 EPS. Oracle'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. Sell-side 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. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio is presently 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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