Mirae Asset Global Investments Co. Ltd. Decreases Stake in Oracle Corporation $ORCL

Key Points

• Mirae Asset Global Investments reduced its stake in Oracle Corporation by 5.1%, owning 338,871 shares worth approximately $74 million after selling 18,285 shares during the second quarter.
• Oracle Corporation announced a quarterly dividend of $0.50 per share, reflecting an annualized yield of 0.7%, with payment scheduled for October 23rd.
• Wall Street analysts have a Moderate Buy rating on Oracle, with price targets varying from $221 to $342, illustrating optimism about the company's future prospects.

Mirae Asset Global Investments Co. Ltd. reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,871 shares of the enterprise software provider's stock after selling 18,285 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Oracle were worth $74,087,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle in the second quarter worth about $34,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle in the first quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its position 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 buying an additional 151 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC purchased a new stake in shares of Oracle in the second quarter worth about $60,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 0.1%

Shares of NYSE:ORCL opened at $289.18 on Friday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market cap of $824.39 billion, a P/E ratio of 66.94, a price-to-earnings-growth ratio of 3.11 and a beta of 1.53. The business's 50 day moving average is $261.71 and its 200 day moving average is $204.17. 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 announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. During the same period last year, the company earned $1.39 EPS. The firm's revenue for the quarter 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 predict that Oracle Corporation will post 5 EPS 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 issued 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 dividend payout ratio is currently 46.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ORCL shares. Barclays boosted their target price on Oracle from $221.00 to $281.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. The Goldman Sachs Group boosted their price objective on Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. JMP Securities reissued a "market outperform" rating and set a $342.00 price objective on shares of Oracle in a research note on Wednesday, September 24th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $304.71.

Insider Activity at Oracle

In other Oracle news, Director William G. Parrett sold 11,500 shares of the company's 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 completion of the sale, the director owned 17,764 shares in the company, valued at $5,435,784. This represents a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the sale, the insider owned 78,000 shares of the company's stock, valued at approximately $23,174,580. This represents a 21.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock valued at $31,272,223 over the last 90 days. Insiders own 42.20% of the company's stock.

About Oracle

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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