Benson Investment Management Company Inc. Sells 5,387 Shares of Oracle Corporation $ORCL

Benson Investment Management Company Inc. trimmed its holdings in Oracle Corporation (NYSE:ORCL) by 17.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 25,566 shares of the enterprise software provider’s stock after selling 5,387 shares during the period. Oracle comprises about 2.1% of Benson Investment Management Company Inc.’s portfolio, making the stock its 18th largest holding. Benson Investment Management Company Inc.’s holdings in Oracle were worth $5,589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Nuveen LLC purchased a new position in Oracle in the first quarter worth about $732,692,000. Vanguard Group Inc. boosted its position in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Oracle in the second quarter worth about $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Oracle by 79.2% in the first 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 purchasing an additional 2,049,687 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Oracle by 840.7% in the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock worth $463,380,000 after purchasing an additional 1,894,157 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 1.3%

NYSE ORCL opened at $293.04 on Friday. The stock’s 50 day moving average is $266.69 and its 200 day moving average is $209.86. 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 Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The stock has a market cap of $835.40 billion, a PE ratio of 67.83, a P/E/G ratio of 3.20 and a beta of 1.53.

Oracle (NYSE:ORCL) last posted 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 business had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle’s payout ratio is currently 46.30%.

Insiders Place Their Bets

In related news, Director William G. Parrett sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares of the company’s stock, valued at approximately $5,435,784. The trade was a 39.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clayton M. Magouyrk sold 21,241 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock valued at $31,272,223 in the last 90 days. 40.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ORCL shares. Jefferies Financial Group raised their target price on Oracle from $270.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Berenberg Bank lifted their price objective on Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research report on Monday, September 15th. Roth Capital reaffirmed a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. JMP Securities reaffirmed a “market outperform” rating and set a $342.00 price objective on shares of Oracle in a research report on Wednesday, September 24th. Finally, Baird R W raised Oracle to a “strong-buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $306.71.

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.