Luts & Greenleigh Group Inc. Takes $345,000 Position in Oracle Corporation $ORCL

Key Points

• Luts & Greenleigh Group Inc. acquired a new stake in Oracle Corporation, purchasing 1,577 shares valued at approximately $345,000 during the 2nd quarter.
• Analysts have recently upgraded Oracle's stock, with several firms raising their price targets significantly, leading to an average target price of $303.44 and a consensus rating of "Moderate Buy."
• Oracle plans to pay a quarterly dividend of $0.50 per share on October 23rd, with a current annual yield of 0.6%.

Luts & Greenleigh Group Inc. bought a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,577 shares of the enterprise software provider's stock, valued at approximately $345,000.

Other large investors have also made changes to their positions in the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the fourth quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the first quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Oracle in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 4.1%

NYSE ORCL traded down $13.48 on Tuesday, reaching $314.67. The company had a trading volume of 16,271,062 shares, compared to its average volume of 14,172,439. The stock has a market capitalization of $894.20 billion, a P/E ratio of 72.82, a P/E/G ratio of 3.34 and a beta of 1.46. The company's fifty day moving average is $253.63 and its 200 day moving average is $196.92. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 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 during the quarter, compared to analysts' expectations of $15.04 billion. During the same period in the previous year, the company posted $1.39 earnings per share. The company's quarterly 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. Sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is 46.30%.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. William Blair reiterated an "outperform" rating on shares of Oracle in a report on Monday. Berenberg Bank upped their target price on Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a report on Monday, September 15th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Bank of America upgraded Oracle from a "neutral" rating to a "buy" rating and upped their target price for the company from $295.00 to $368.00 in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $305.75.

Insider Activity

In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rona Alison Fairhead acquired 480 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 78,247 shares of company stock worth $22,090,505. Company insiders own 42.20% 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.