Lorne Steinberg Wealth Management Inc. Acquires Shares of 1,275 Oracle Corporation $ORCL

Key Points

• Lorne Steinberg Wealth Management Inc. acquired 1,275 shares of Oracle Corporation, valued at approximately $279,000, during the second quarter.
• Oracle reported quarterly earnings of $1.47 EPS, missing analyst expectations, while revenue reached $14.93 billion, up 12.2% from the previous year.
• The company recently announced a quarterly dividend of $0.50 per share, with a scheduled payout on October 23rd, reflecting an annualized yield of 0.7%.

Lorne Steinberg Wealth Management Inc. bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,275 shares of the enterprise software provider's stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Nuveen LLC bought a new stake in shares of Oracle during the 1st quarter valued at $732,692,000. Vanguard Group Inc. lifted its position in Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Oracle during the 2nd quarter valued at about $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 acquiring an additional 2,049,687 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Oracle by 840.7% in the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider's stock worth $463,380,000 after purchasing an additional 1,894,157 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $291.95 on Monday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $832.28 billion, a price-to-earnings ratio of 67.58, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53. The business has a 50-day simple moving average of $271.71 and a two-hundred day simple moving average of $216.40. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. During the same period in the previous year, the business earned $1.39 EPS. The business's revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle's payout ratio is currently 46.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORCL shares. Weiss Ratings raised Oracle from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Cantor Fitzgerald boosted their target price on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. BNP Paribas set a $377.00 target price on Oracle in a research note on Wednesday, September 10th. Stephens lifted their price target on Oracle from $208.00 to $331.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, DA Davidson increased their price objective on shares of Oracle from $220.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Three 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. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $323.40.

Insider Activity

In other news, Director William G. Parrett sold 11,500 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the sale, the executive vice president directly owned 18,429 shares of the company's stock, valued at $5,528,700. The trade was a 51.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,769 shares of company stock worth $36,428,967. Insiders own 40.90% of the company's stock.

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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