PineStone Asset Management Inc. Increases Position in Oracle Corporation $ORCL

Key Points

• PineStone Asset Management Inc. increased its position in Oracle Corporation by 27.3% in the second quarter, owning approximately 3.59 million shares valued at about $785 million.
• Oracle reported a quarterly earnings miss with $1.47 earnings per share, slightly below analyst expectations, and had a revenue of $14.93 billion for the quarter.
• The company announced a quarterly dividend of $0.50 per share, representing a 0.7% dividend yield, with a record date of October 9th for stockholders.

PineStone Asset Management Inc. boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 27.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,590,801 shares of the enterprise software provider's stock after purchasing an additional 769,946 shares during the quarter. Oracle comprises about 5.1% of PineStone Asset Management Inc.'s portfolio, making the stock its 7th biggest position. PineStone Asset Management Inc. owned 0.13% of Oracle worth $785,057,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ORCL. Brighton Jones LLC raised its holdings 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 valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC increased its position 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 valued at $903,000 after purchasing an additional 404 shares during the period. Chancellor Financial Group WB LP bought a new stake in shares of Oracle in the 4th quarter valued at about $205,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Oracle in the 4th quarter worth approximately $77,000. Finally, Wellington Management Group LLP boosted its stake in shares of Oracle by 200.4% during the fourth quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock valued at $28,743,000 after purchasing an additional 115,059 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the sale, the director owned 17,764 shares in the company, valued at approximately $5,435,784. The trade was a 39.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 112,092 shares of company stock valued at $32,960,165. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $291.28 on Friday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a market cap of $827.73 billion, a PE ratio of 67.43, a P/E/G ratio of 3.33 and a beta of 1.46. 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 business has a 50-day simple moving average of $257.43 and a two-hundred day simple moving average of $199.48.

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

Oracle Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ORCL shares. Royal Bank Of Canada boosted their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. The Goldman Sachs Group boosted their price target on Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Cantor Fitzgerald lifted their target price on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Finally, Piper Sandler increased their price target on shares of Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $298.06.

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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