Sumitomo Mitsui DS Asset Management Company Ltd Purchases 7,025 Shares of Oracle Corporation $ORCL

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd has increased its holdings in Oracle Corporation by 2.5% during the 2nd quarter, now owning 286,252 shares valued at approximately $62.58 million.
• Numerous analysts have raised their price targets for Oracle, with Cantor Fitzgerald setting a target of $400.00, reflecting strong confidence in the company's performance.
• Oracle announced a quarterly dividend of $0.50, representing an annual yield of 0.7%, with the payout scheduled for October 23rd to shareholders of record by October 9th.

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,252 shares of the enterprise software provider's stock after purchasing an additional 7,025 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Oracle were worth $62,583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. 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 in the last quarter. Revolve Wealth Partners LLC raised its position in shares of 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 buying an additional 404 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Oracle in the 4th quarter worth approximately $12,264,000. Delta Investment Management LLC raised its holdings in shares of Oracle by 11.2% in the 4th quarter. Delta Investment Management LLC now owns 1,757 shares of the enterprise software provider's stock worth $293,000 after purchasing an additional 177 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ORCL shares. BNP Paribas set a $377.00 price objective on shares of Oracle in a research note on Wednesday, September 10th. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $295.00 to $368.00 in a report on Wednesday, September 10th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $303.44.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 21,241 shares of the business's 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 of the company's stock, valued at approximately $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Sicilia sold 16,323 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $313.60, for a total transaction of $5,118,892.80. Following the completion of the sale, the insider directly owned 110,094 shares of the company's stock, 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. Insiders have sold a total of 78,247 shares of company stock valued at $22,090,505 in the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Up 4.2%

ORCL traded up $12.56 during trading on Friday, reaching $309.18. 40,475,718 shares of the stock were exchanged, compared to its average volume of 28,056,660. The stock has a market cap of $878.60 billion, a P/E ratio of 71.57, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The stock's 50 day moving average price is $251.63 and its two-hundred day moving average price is $195.39. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.Oracle's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's payout ratio is presently 46.30%.

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.