Letko Brosseau & Associates Inc. Makes New Investment in Oracle Corporation $ORCL

Letko Brosseau & Associates Inc. purchased a new position in shares of Oracle Corporation (NYSE:ORCL) during the second quarter, Holdings Channel.com reports. The fund purchased 3,095 shares of the enterprise software provider’s stock, valued at approximately $677,000.

A number of other large investors also recently modified their holdings of ORCL. Brighton Jones LLC boosted its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings 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 valued at $903,000 after buying an additional 404 shares during the last quarter. Trivest Advisors Ltd bought a new stake in Oracle in the first quarter worth approximately $5,592,000. Diversify Advisory Services LLC increased its position in Oracle by 7.0% during the first quarter. Diversify Advisory Services LLC now owns 14,057 shares of the enterprise software provider’s stock worth $1,979,000 after buying an additional 918 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Oracle by 6.7% in the 1st quarter. Private Advisor Group LLC now owns 133,204 shares of the enterprise software provider’s stock valued at $18,623,000 after acquiring an additional 8,398 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL opened at $222.88 on Friday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $635.37 billion, a P/E ratio of 51.59, a price-to-earnings-growth ratio of 2.96 and a beta of 1.51. The company’s 50 day simple moving average is $279.59 and its 200-day simple moving average is $233.78. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72.

Oracle (NYSE:ORCL) 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 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%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. Oracle’s dividend payout ratio is presently 46.30%.

Insider Buying and Selling

In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the sale, the chief executive officer owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the transaction, the executive vice president owned 18,429 shares in the company, valued at $5,528,700. This represents a 51.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 204,254 shares of company stock worth $60,227,807. 40.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Baird R W raised shares of Oracle to a “strong-buy” rating in a research report on Wednesday, October 8th. Wolfe Research upped their price target on Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Citigroup reissued a “buy” rating on shares of Oracle in a report on Friday, October 10th. Scotiabank raised their target price on Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Mizuho boosted their price target on shares of Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

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.