Cardinal Point Capital Management ULC Increases Position in Oracle Corporation $ORCL

Cardinal Point Capital Management ULC boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 13.9% during the second quarter, HoldingsChannel.com reports. The firm owned 67,185 shares of the enterprise software provider’s stock after acquiring an additional 8,218 shares during the period. Oracle comprises approximately 1.1% of Cardinal Point Capital Management ULC’s holdings, making the stock its 25th biggest holding. Cardinal Point Capital Management ULC’s holdings in Oracle were worth $14,689,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle in the 1st quarter valued at $27,000. Iron Horse Wealth Management LLC grew its holdings 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 acquiring an additional 151 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in Oracle during the 2nd quarter worth $33,000. Legend Financial Advisors Inc. acquired a new position in Oracle during the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new position in Oracle during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 2.7%

ORCL stock opened at $280.09 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a market capitalization of $798.46 billion, a price-to-earnings ratio of 64.83, a price-to-earnings-growth ratio of 2.93 and a beta of 1.53. The firm’s 50-day moving average is $273.89 and its two-hundred day moving average is $219.28. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were issued 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 was Thursday, October 9th. Oracle’s payout ratio is presently 46.30%.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was 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 in the company, valued at $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 170,769 shares of company stock worth $50,297,667. Company insiders own 40.90% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several research reports. Weiss Ratings raised shares of Oracle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. DA Davidson lifted their price target on shares of Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $310.00 price target on shares of Oracle in a report on Friday, October 17th. Evercore ISI lifted their price target on shares of Oracle from $350.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $320.00 price target on shares of Oracle in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.