Swiss National Bank grew its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,093,200 shares of the enterprise software provider’s stock after buying an additional 360,000 shares during the quarter. Oracle accounts for approximately 0.7% of Swiss National Bank’s investment portfolio, making the stock its 20th biggest holding. Swiss National Bank owned 0.18% of Oracle worth $1,113,526,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Snider Financial Group increased its holdings in Oracle by 1.3% during the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after buying an additional 40 shares during the last quarter. SNS Financial Group LLC grew its position in shares of Oracle by 0.9% during the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after acquiring an additional 42 shares during the period. PKS Advisory Services LLC grew its position in shares of Oracle by 1.9% during the 2nd quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock valued at $483,000 after acquiring an additional 42 shares during the period. Reyes Financial Architecture Inc. increased its stake in shares of Oracle by 7.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 43 shares during the last quarter. Finally, Creative Capital Management Investments LLC raised its holdings in shares of Oracle by 5.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Insiders Place Their Bets
In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total value of $13,971,282.30. Following the sale, the director directly owned 151,999 shares in the company, valued at $43,018,756.98. This represents a 24.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the transaction, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. This trade represents a 51.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 204,254 shares of company stock worth $60,227,807. Company insiders own 40.90% of the company’s stock.
Oracle Stock Performance
Oracle (NYSE:ORCL – Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the previous year, the firm earned $1.39 EPS. 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. Research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s dividend payout ratio is 46.30%.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 23rd. Stephens increased their price target on Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Bank of America raised Oracle from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $295.00 to $368.00 in a report on Wednesday, September 10th. Redburn Partners set a $175.00 price objective on Oracle in a research note on Thursday, September 25th. Finally, UBS Group upped their price objective on shares of Oracle from $360.00 to $380.00 and gave the company a “buy” rating in a report on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $322.26.
Read Our Latest Stock Report on Oracle
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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