Westside Investment Management Inc. Acquires 657 Shares of Oracle Corporation $ORCL

Westside Investment Management Inc. boosted its position in Oracle Corporation (NYSE:ORCL) by 4.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,850 shares of the enterprise software provider’s stock after purchasing an additional 657 shares during the period. Westside Investment Management Inc.’s holdings in Oracle were worth $3,466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Nuveen LLC purchased a new stake in shares of Oracle during the 1st quarter valued at approximately $732,692,000. Vanguard Group Inc. increased its holdings in shares of Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Oracle in the 2nd quarter worth $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Oracle by 79.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider’s stock worth $648,572,000 after buying an additional 2,049,687 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Oracle by 840.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock valued at $463,380,000 after purchasing an additional 1,894,157 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 2.2%

Shares of NYSE ORCL opened at $262.60 on Monday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The stock has a market cap of $748.62 billion, a P/E ratio of 60.79, a price-to-earnings-growth ratio of 2.96 and a beta of 1.53. The firm has a 50-day moving average of $277.97 and a 200 day moving average of $227.06. 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 (NYSE:ORCL) last issued 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 firm had revenue of $14.93 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts expect 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. Shareholders of record on Thursday, October 9th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s payout ratio is 46.30%.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. Bank of America raised shares of Oracle from a “neutral” rating to a “buy” rating and raised their price target for the stock from $295.00 to $368.00 in a report on Wednesday, September 10th. Rothschild & Co Redburn initiated coverage on shares of Oracle in a report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price target on the stock. TD Cowen raised their price target on shares of Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $320.00 price target on shares of Oracle in a report on Monday, October 20th. Finally, Stephens raised their price target on shares of Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Activity

In other news, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Sicilia sold 33,845 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider directly owned 132,656 shares of the company’s stock, valued at $42,603,800.96. The trade was a 20.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 220,134 shares of company stock valued at $64,268,949 over the last three months. Corporate insiders own 40.90% of the company’s stock.

Oracle Company 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.