Oracle Corporation $ORCL Position Increased by Ascent Group LLC

Key Points

• Ascent Group LLC increased its position in Oracle Corporation by 8.7% during the 2nd quarter, owning 35,444 shares worth approximately $7.75 million.
• Several analysts have updated their ratings on Oracle, with Guggenheim raising the target price from $250 to $375 and Bank of America from $295 to $368, reflecting strong demand for the company's stock.
• Oracle announced a quarterly dividend of $0.50, with a dividend yield of 0.7%, and a payout ratio of 46.3%, scheduled for payment on October 23rd.

Ascent Group LLC increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,444 shares of the enterprise software provider's stock after acquiring an additional 2,837 shares during the period. Ascent Group LLC's holdings in Oracle were worth $7,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle during the second quarter worth $34,000. HighMark Wealth Management LLC acquired a new position in Oracle during the second quarter worth $38,000. Redmont Wealth Advisors LLC acquired a new position in Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter worth $28,000. Finally, Iron Horse Wealth Management LLC increased its position in Oracle by 284.9% during 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 during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. Guggenheim increased their target price on shares of Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Scotiabank reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and increased their target price for the stock from $295.00 to $368.00 in a research report on Wednesday, September 10th. Finally, Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average target price of $304.71.

Oracle Trading Down 0.9%

Shares of NYSE:ORCL opened at $286.23 on Friday. 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 stock's 50-day moving average is $262.53 and its 200-day moving average is $205.11. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a market cap of $815.99 billion, a P/E ratio of 66.26, a P/E/G ratio of 3.11 and a beta of 1.53.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is presently 46.30%.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the sale, the insider owned 78,000 shares in the company, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 104,314 shares of company stock valued at $31,272,223 in the last quarter. 42.20% of the stock is currently owned by insiders.

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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