Oracle Corporation $ORCL Shares Purchased by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 1.4% during the 2nd quarter, Holdings Channel reports. The fund owned 132,098 shares of the enterprise software provider’s stock after purchasing an additional 1,808 shares during the quarter. Oracle makes up about 2.7% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 14th largest position. Dock Street Asset Management Inc.’s holdings in Oracle were worth $28,881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Harel Insurance Investments & Financial Services Ltd. boosted its position in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock worth $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its position in shares of Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock valued at $7,179,000 after acquiring an additional 2,110 shares in the last quarter. Cascade Investment Group Inc. purchased a new position in shares of Oracle in the second quarter valued at approximately $239,000. Lockerman Financial Group Inc. purchased a new position in shares of Oracle in the second quarter valued at approximately $328,000. Finally, Elser Financial Planning Inc purchased a new position in shares of Oracle in the second quarter valued at approximately $1,066,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of Oracle stock opened at $299.33 on Wednesday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a market cap of $853.32 billion, a price-to-earnings ratio of 69.29, a PEG ratio of 3.31 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The business’s 50 day moving average price is $268.67 and its 200 day moving average price is $212.52.

Oracle (NYSE:ORCL) last posted its earnings results 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 business 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%.Oracle’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s dividend payout ratio (DPR) is 46.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BNP Paribas set a $377.00 target price on Oracle in a research report on Wednesday, September 10th. Evercore ISI raised their target price on Oracle from $340.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus raised their target price on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Mizuho raised their target price on Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Finally, Sanford C. Bernstein lifted their price objective on Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.00.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total value of $641,958.02. Following the sale, the director owned 29,225 shares in the company, valued at approximately $8,443,394.75. The trade was a 7.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares in the company, valued at $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,769 shares of company stock valued at $36,428,967 over the last 90 days. Corporate insiders own 40.90% of the company’s stock.

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.