Oracle Corporation $ORCL Shares Bought by Gries Financial LLC

Key Points

• Gries Financial LLC increased its holdings in Oracle Corporation by 23.3% during the 2nd quarter, owning a total of 9,035 shares valued at approximately $1.975 million by the quarter's end.
• Oracle reported $1.47 earnings per share for the quarter, slightly missing analysts' expectations, with a revenue of $14.93 billion which was also below the forecast.
• Oracle announced a quarterly dividend of $0.50 per share, with the ex-dividend date set for October 9th, reflecting an annualized dividend yield of 0.6%.

Gries Financial LLC raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 23.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,035 shares of the enterprise software provider's stock after purchasing an additional 1,705 shares during the period. Gries Financial LLC's holdings in Oracle were worth $1,975,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Nuveen LLC purchased a new position in shares of Oracle in the first quarter valued at approximately $732,692,000. GAMMA Investing LLC lifted its position in shares of Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after acquiring an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 3,513,464 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $731,512,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Oracle by 79.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock valued at $648,572,000 after acquiring an additional 2,049,687 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL opened at $329.10 on Tuesday. The stock has a 50-day simple moving average of $253.63 and a 200-day simple moving average of $196.92. 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 has a market capitalization of $935.21 billion, a PE ratio of 76.18, a PEG ratio of 3.34 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last posted 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). The business 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%.Oracle's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal 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 paid a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.6%. Oracle's payout ratio is presently 46.30%.

Insider Activity

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the sale, the insider owned 78,000 shares in the company, valued at $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were acquired 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. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 78,247 shares of company stock valued at $22,090,505 over the last 90 days. Insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Scotiabank restated an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Westpark Capital raised their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. UBS Group set a $300.00 price objective on Oracle in a research note on Wednesday, September 10th. TD Cowen upped their target price on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, Wolfe Research raised their target price on Oracle from $300.00 to $400.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $303.44.

Oracle 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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