Norden Group LLC Has $8.69 Million Position in Oracle Corporation $ORCL

Key Points

• Norden Group LLC reduced its stake in Oracle Corporation by 5.4%, now holding approximately $8.69 million worth of shares, which account for about 0.9% of its portfolio.
• Oracle reported Q2 earnings per share of $1.47, slightly missing analysts' expectations, along with a revenue of $14.93 billion, showing a year-over-year increase of 12.2%.
• Analysts have raised Oracle's price targets, with Mizuho increasing their target to $350, reflecting strong confidence in the company's growth potential.

Norden Group LLC cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,768 shares of the enterprise software provider's stock after selling 2,292 shares during the period. Oracle makes up about 0.9% of Norden Group LLC's portfolio, making the stock its 16th biggest holding. Norden Group LLC's holdings in Oracle were worth $8,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new position in Oracle in the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Oracle in the 1st quarter valued at $39,000. Finally, Operose Advisors LLC raised its holdings in Oracle by 50.2% in the 1st quarter. Operose Advisors LLC now owns 314 shares of the enterprise software provider's stock valued at $44,000 after acquiring an additional 105 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was 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. The trade was a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction on Monday, July 7th. The stock was bought at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly 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 a total of 112,092 shares of company stock worth $32,960,165 over the last three months. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Mizuho lifted their price objective on Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Piper Sandler lifted their price target on Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Evercore ISI lifted their price target on Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Oracle in a research note on Thursday, September 11th. Finally, Scotiabank reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $305.75.

Oracle Trading Down 4.0%

Shares of ORCL stock opened at $314.90 on Wednesday. The firm has a market capitalization of $894.84 billion, a P/E ratio of 72.89, a P/E/G ratio of 3.55 and a beta of 1.46. Oracle Corporation has a twelve month low of $118.86 and a twelve month 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. The stock's fifty day simple moving average is $255.23 and its 200 day simple moving average is $197.74.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 72.93% and a net margin of 21.08%.The company'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, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed 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 is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. Oracle's payout ratio is currently 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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