Oracle Corporation $ORCL Shares Bought by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. increased its stake in Oracle Corporation by 245.4% in the second quarter, holding a total of 15,452 shares valued at approximately $3.38 million at the end of the reporting period.
• Despite reporting a missed EPS estimate of $1.47 compared to the expected $1.48, Oracle's revenue increased by 12.2% year-over-year to $14.93 billion.
• Oracle plans to distribute a quarterly dividend of $0.50 on October 23, representing a 0.7% yield and a payout ratio of 46.30%.

LGT Fund Management Co Ltd. boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 245.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 15,452 shares of the enterprise software provider's stock after acquiring an additional 10,978 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Oracle were worth $3,378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Brighton Jones LLC boosted its stake in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the last quarter. Lake Street Private Wealth LLC boosted its stake in shares of Oracle by 21.0% in the first quarter. Lake Street Private Wealth LLC now owns 1,544 shares of the enterprise software provider's stock worth $216,000 after buying an additional 268 shares during the last quarter. Vest Financial LLC boosted its stake in shares of Oracle by 65.5% in the first quarter. Vest Financial LLC now owns 47,567 shares of the enterprise software provider's stock worth $6,650,000 after buying an additional 18,824 shares during the last quarter. Finally, Foster Group Inc. boosted its stake in shares of Oracle by 4.9% in the first quarter. Foster Group Inc. now owns 7,843 shares of the enterprise software provider's stock worth $1,097,000 after buying an additional 367 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

Shares of Oracle stock opened at $286.23 on Friday. The business has a 50 day simple moving average of $262.53 and a two-hundred day simple moving average of $205.11. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The stock has a market capitalization of $815.99 billion, a P/E ratio of 66.26, a PEG ratio of 3.11 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the company earned $1.39 EPS. Oracle's revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio is presently 46.30%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Oracle from $246.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 23rd. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Scotiabank reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, September 10th. Bank of America raised Oracle from a "neutral" rating to a "buy" rating and upped their price target for the stock from $295.00 to $368.00 in a report on Wednesday, September 10th. Finally, Rothschild & Co Redburn assumed coverage on Oracle in a report on Thursday, September 25th. They issued a "sell" rating and a $175.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $304.71.

Insider Activity at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the firm's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares of the company's stock, valued at $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the firm's 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 of the company's stock, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock valued at $31,272,223 over the last 90 days. Corporate 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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