Oracle Corporation $ORCL is Perpetual Ltd's 5th Largest Position

Key Points

• Perpetual Ltd has reduced its holdings in Oracle Corporation by 16.2% during Q2, now owning 1,078,291 shares worth approximately $235.7 million.
• Oracle's recent earnings report showed a slight miss on EPS estimates, with reported earnings of $1.47 per share compared to expectations of $1.48.
• The company announced a quarterly dividend of $0.50 per share, translating to an annualized yield of 0.6%, with the payment scheduled for October 23rd.

Perpetual Ltd trimmed its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,078,291 shares of the enterprise software provider's stock after selling 208,124 shares during the quarter. Oracle makes up about 2.8% of Perpetual Ltd's portfolio, making the stock its 5th largest holding. Perpetual Ltd's holdings in Oracle were worth $235,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in Oracle by 8.7% during the 4th quarter. First Heartland Consultants Inc. now owns 1,762 shares of the enterprise software provider's stock worth $294,000 after acquiring an additional 141 shares during the last quarter. Novem Group bought a new stake in Oracle during the 4th quarter worth approximately $490,000. Finally, JT Stratford LLC grew its holdings in Oracle by 19.1% during the 4th quarter. JT Stratford LLC now owns 1,710 shares of the enterprise software provider's stock worth $285,000 after acquiring an additional 274 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 4.2%

Shares of Oracle stock traded up $12.56 during trading on Friday, reaching $309.18. 40,475,718 shares of the company traded hands, compared to its average volume of 28,056,660. 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 Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a 50 day moving average price of $251.63 and a 200-day moving average price of $195.39. The firm has a market capitalization of $878.60 billion, a PE ratio of 71.57, a P/E/G ratio of 3.34 and a beta of 1.46.

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 (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 company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. The firm's revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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 given 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 payout ratio is presently 46.30%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Sicilia sold 16,323 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $313.60, for a total transaction of $5,118,892.80. Following the transaction, the insider owned 110,094 shares in the company, valued at approximately $34,525,478.40. The trade was a 12.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,247 shares of company stock valued at $22,090,505. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. Stifel Nicolaus boosted their target price on shares of Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Oracle in a research note on Thursday, September 11th. Piper Sandler upped their price objective on shares of Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $303.44.

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.