Wallington Asset Management LLC Purchases New Shares in Oracle Corporation $ORCL

Key Points

• Wallington Asset Management LLC has acquired 1,351 new shares in Oracle Corporation, valued at approximately $295,000, in the second quarter.
• Oracle's recent earnings report indicated earnings per share of $1.47, falling short of analysts' expectations, while revenues were up 12.2% year-over-year.
• The company will pay a quarterly dividend of $0.50 on October 23rd, representing an annualized yield of 0.7%.

Wallington Asset Management LLC purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,351 shares of the enterprise software provider's stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Brighton Jones LLC boosted its position in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the period. Revolve Wealth Partners LLC grew its stake 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 acquiring an additional 404 shares in the last quarter. Lake Street Private Wealth LLC grew its stake in Oracle by 21.0% during the 1st quarter. Lake Street Private Wealth LLC now owns 1,544 shares of the enterprise software provider's stock valued at $216,000 after acquiring an additional 268 shares in the last quarter. Vest Financial LLC grew its stake in Oracle by 65.5% during the 1st quarter. Vest Financial LLC now owns 47,567 shares of the enterprise software provider's stock valued at $6,650,000 after acquiring an additional 18,824 shares in the last quarter. Finally, Foster Group Inc. grew its stake in Oracle by 4.9% during the 1st quarter. Foster Group Inc. now owns 7,843 shares of the enterprise software provider's stock valued at $1,097,000 after acquiring an additional 367 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 0.9%

Shares of Oracle stock opened at $286.23 on Friday. The stock has a 50-day simple moving average of $262.53 and a 200-day simple moving average of $205.11. 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 52-week low of $118.86 and a 52-week high of $345.72. The firm has a market cap of $815.99 billion, a price-to-earnings ratio of 66.26, a P/E/G ratio of 3.11 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the previous year, the business posted $1.39 earnings per share. 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. On average, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ORCL shares. The Goldman Sachs Group lifted their target price on Oracle from $195.00 to $310.00 and gave the company a "neutral" rating in a research note on Monday, September 15th. Cowen reaffirmed a "buy" rating and set a $375.00 target price on shares of Oracle in a research note on Wednesday, September 10th. Jefferies Financial Group lifted their target price on Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. JMP Securities reaffirmed a "market outperform" rating and set a $342.00 target price on shares of Oracle in a research note on Wednesday, September 24th. Finally, Piper Sandler lifted their price target on Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $304.71.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares of the company's stock, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Parrett sold 11,500 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the transaction, the director directly owned 17,764 shares in the company, valued at $5,435,784. The trade was 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 three months. 42.20% of the stock is owned by insiders.

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.

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