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 position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,577 shares of the enterprise software provider's stock, valued at approximately $345,000.

A number of other institutional investors also recently modified their holdings of ORCL. Nuveen LLC bought a new position in Oracle in the first quarter worth about $732,692,000. GAMMA Investing LLC raised its stake in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. raised its stake in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after buying an additional 3,513,464 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Oracle in the second quarter worth about $731,512,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Oracle by 79.2% in 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 buying an additional 2,049,687 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ORCL shares. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and increased their price target for the stock from $295.00 to $368.00 in a research note on Wednesday, September 10th. Piper Sandler lifted their target price on shares of Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. The Goldman Sachs Group lifted their target price on shares of Oracle from $195.00 to $310.00 and gave the company a "neutral" rating in a report on Monday, September 15th. JMP Securities lifted their target price on shares of Oracle from $315.00 to $342.00 and gave the company a "market outperform" rating in a report on Wednesday, September 10th. Finally, Royal Bank Of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $303.44.

Oracle Stock Up 6.7%

Shares of ORCL traded up $20.63 on Monday, hitting $329.29. 37,788,562 shares of the stock traded hands, compared to its average volume of 14,116,299. The company has a market capitalization of $935.76 billion, a PE ratio of 76.23, a P/E/G ratio of 3.34 and a beta of 1.46. 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 business has a 50 day simple moving average of $251.63 and a 200 day simple moving average of $195.70. Oracle Corporation has a one year low of $118.86 and a one year 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 for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle's revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $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 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the firm's stock in a transaction on Monday, July 7th. The shares were bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 78,247 shares of company stock valued at $22,090,505 over the last ninety days. Corporate 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.