Louisbourg Investments Inc. Sells 7,550 Shares of Oracle Corporation $ORCL

Key Points

• Louisbourg Investments Inc. has reduced its stake in Oracle Corporation by 33.9% in Q2, now holding 14,709 shares worth approximately $3.07 million.
• Several institutional investors, including Aberdeen Group plc and Agate Pass Investment Management LLC, increased their positions in Oracle during the same period, indicating ongoing interest in the company's stock.
• Oracle's recent earnings report showed a slight miss in EPS at $1.47, alongside a revenue growth of 12.2% year-over-year, with analysts setting target prices for the stock ranging as high as $400.

Louisbourg Investments Inc. decreased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 33.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,709 shares of the enterprise software provider's stock after selling 7,550 shares during the period. Louisbourg Investments Inc.'s holdings in Oracle were worth $3,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aberdeen Group plc raised its position in Oracle by 4.7% during the 2nd quarter. Aberdeen Group plc now owns 1,510,844 shares of the enterprise software provider's stock valued at $332,733,000 after purchasing an additional 67,570 shares during the last quarter. Agate Pass Investment Management LLC raised its position in shares of Oracle by 36.0% in the 2nd quarter. Agate Pass Investment Management LLC now owns 31,892 shares of the enterprise software provider's stock worth $6,973,000 after acquiring an additional 8,440 shares in the last quarter. First Fiduciary Investment Counsel Inc. raised its position in shares of Oracle by 1.7% in the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 73,657 shares of the enterprise software provider's stock worth $16,104,000 after acquiring an additional 1,196 shares in the last quarter. PDS Planning Inc raised its position in shares of Oracle by 0.5% in the 2nd quarter. PDS Planning Inc now owns 18,374 shares of the enterprise software provider's stock worth $4,017,000 after acquiring an additional 88 shares in the last quarter. Finally, JB Capital LLC bought a new position in shares of Oracle in the 2nd quarter worth approximately $293,000. Institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, Director William G. Parrett sold 11,500 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares of the company's stock, valued at $5,435,784. This represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,314 shares of company stock valued at $31,272,223 over the last 90 days. 40.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORCL. BNP Paribas set a $377.00 target price on Oracle in a research report on Wednesday, September 10th. The Goldman Sachs Group increased their target price on Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Cantor Fitzgerald upped their price target on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. DA Davidson upped their price target on Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Finally, Scotiabank restated an "outperform" rating on shares of Oracle in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average target price of $306.71.

Oracle Stock Performance

Shares of ORCL opened at $293.04 on Friday. The business's fifty day simple moving average is $266.69 and its two-hundred day simple moving average is $209.86. 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 company has a market cap of $835.40 billion, a price-to-earnings ratio of 67.83, a P/E/G ratio of 3.20 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results 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). The business had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. 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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