Oracle Corporation $ORCL is Arlington Partners LLC's 7th Largest Position

Key Points

• Arlington Partners LLC reduced its stake in Oracle Corporation by 10.2% in Q2 2023, making Oracle its 7th largest position, representing 1.8% of its portfolio.
• Oracle's recent earnings report revealed an EPS of $1.47, slightly below expectations, with revenue of $14.93 billion, marking a 12.2% year-over-year increase.
• The company announced a quarterly dividend of $0.50 per share, with a dividend yield of 0.6%, set to be paid on October 23rd, 2023.

Arlington Partners LLC lessened its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 10.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,161 shares of the enterprise software provider's stock after selling 2,504 shares during the quarter. Oracle comprises 1.8% of Arlington Partners LLC's portfolio, making the stock its 7th largest holding. Arlington Partners LLC's holdings in Oracle were worth $4,845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Chris Bulman Inc purchased a new position in Oracle during the 2nd quarter valued at about $216,000. Financial Enhancement Group LLC purchased a new position in Oracle during the 2nd quarter valued at about $351,000. Seed Wealth Management Inc. grew its holdings in Oracle by 6.0% during the 2nd quarter. Seed Wealth Management Inc. now owns 5,620 shares of the enterprise software provider's stock valued at $1,229,000 after buying an additional 318 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in Oracle by 4.1% during the 2nd quarter. Salvus Wealth Management LLC now owns 6,139 shares of the enterprise software provider's stock valued at $1,342,000 after buying an additional 243 shares in the last quarter. Finally, Foster Group Inc. grew its holdings in Oracle by 2.4% during the 2nd quarter. Foster Group Inc. now owns 8,035 shares of the enterprise software provider's stock valued at $1,757,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of Oracle stock opened at $329.10 on Tuesday. 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 company has a market cap of $935.21 billion, a PE ratio of 76.18, a P/E/G ratio of 3.34 and a beta of 1.46. The business has a 50 day moving average of $253.63 and a 200 day moving average of $196.92. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its 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). The business 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued 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 is currently 46.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ORCL shares. Barclays lifted their target price on Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Bank of America raised Oracle from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $295.00 to $368.00 in a report on Wednesday, September 10th. Evercore ISI boosted their price objective on Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. Cantor Fitzgerald boosted their price objective on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Finally, Berenberg Bank boosted their price objective on Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a report on Monday, September 15th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $303.44.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,247 shares of company stock valued at $22,090,505 over the last 90 days. Company insiders own 42.20% of the company's stock.

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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