QRG Capital Management Inc. Raises Stock Holdings in Oracle Corporation $ORCL

Key Points

• QRG Capital Management Inc. has increased its stake in Oracle Corporation by 7.3%, now owning 267,814 shares valued at approximately $58.55 million.
• Multiple analysts have recently upgraded their price targets for Oracle, with estimates ranging as high as $400, reflecting positive sentiment toward the company's performance.
• Oracle is preparing to pay a quarterly dividend of $0.50 per share on October 23rd, with a current yield of 0.7%.

QRG Capital Management Inc. increased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,814 shares of the enterprise software provider's stock after acquiring an additional 18,274 shares during the period. Oracle makes up about 0.5% of QRG Capital Management Inc.'s portfolio, making the stock its 29th biggest holding. QRG Capital Management Inc.'s holdings in Oracle were worth $58,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Legend Financial Advisors Inc. acquired a new stake in Oracle during the 2nd quarter worth about $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in Oracle during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Evercore ISI increased their price target on Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Berenberg Bank increased their price target on Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a research report on Monday, September 15th. Cantor Fitzgerald increased their price target on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Finally, Royal Bank Of Canada raised their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $304.71.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,222 shares of the business's stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the transaction, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. The trade was a 7.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 17,764 shares in the company, valued at approximately $5,435,784. This represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,314 shares of company stock worth $31,272,223 in the last quarter. Corporate insiders own 42.20% of the company's stock.

Oracle Price Performance

NYSE:ORCL opened at $286.23 on Friday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The stock has a 50 day moving average of $262.53 and a two-hundred day moving average of $205.11. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a market cap of $815.99 billion, a P/E ratio of 66.26, a price-to-earnings-growth ratio of 3.11 and a beta of 1.53.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders 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 yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is 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.

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