New Perspectives Inc Acquires New Position in Oracle Corporation $ORCL

Key Points

• New Perspectives Inc has acquired a new position in Oracle Corporation, purchasing 1,000 shares valued at approximately $219,000 during the 2nd quarter.
• Oracle's quarterly earnings report showed an EPS of $1.47, slightly missing the consensus estimate of $1.48, with revenues totaling $14.93 billion.
• The company announced a quarterly dividend of $0.50, scheduled for October 23, representing an annualized yield of 0.7%.

New Perspectives Inc bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the enterprise software provider's stock, valued at approximately $219,000.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new stake in Oracle during the 1st quarter valued at about $732,692,000. Vanguard Group Inc. boosted its position 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 valued at $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Oracle in the second quarter valued at approximately $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Oracle by 79.2% in the 1st 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 during the period. Finally, Assenagon Asset Management S.A. raised its position in Oracle by 840.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider's stock worth $463,380,000 after buying an additional 1,894,157 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 2.8%

ORCL stock opened at $283.29 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a 50-day moving average of $258.19 and a two-hundred day moving average of $201.16. 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 $805.03 billion, a price-to-earnings ratio of 65.58, a PEG ratio of 3.05 and a beta of 1.46.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. The ex-dividend date of this dividend 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 presently 46.30%.

Insider Activity 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 value of $3,519,000.00. Following the sale, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the business'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 transaction, the insider directly owned 78,000 shares of the company's stock, valued at $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,092 shares of company stock valued at $32,960,165 over the last ninety days. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORCL shares. Redburn Partners set a $175.00 price objective on shares of Oracle in a report on Thursday. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Scotiabank reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, September 10th. BNP Paribas set a $377.00 price objective on Oracle in a report on Wednesday, September 10th. Finally, CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $304.71.

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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