Jacobsen Capital Management has increased its holdings in Oracle Corporation (NYSE: ORCL) by 10.0% during the second quarter, according to a recent disclosure submitted to the Securities and Exchange Commission. The firm now owns 2,980 shares of the enterprise software giant, which are valued at approximately $652,000 based on its latest filing.
This move reflects a broader trend among institutional investors, with several hedge funds also adjusting their positions in Oracle. For instance, Vanguard Group Inc. raised its stake in the company by 2.2% during the first quarter, acquiring an additional 3,513,464 shares. As a result, Vanguard now holds a total of 160,925,413 shares, amounting to a value of $22.5 billion.
Northern Trust Corp and UBS Asset Management also increased their holdings in Oracle. Northern Trust raised its stake by 0.6%, now owning 19,741,423 shares worth $2.76 billion, while UBS Asset Management grew its position by 0.4% with 13,884,524 shares valued at $1.94 billion. Additionally, Amundi increased its stake by 3.3%, now holding 12,736,855 shares valued at $1.75 billion, and Polen Capital Management raised its holdings by 17.6%, owning 12,609,101 shares worth $1.76 billion. In total, institutional investors now control 42.44% of Oracle’s stock.
Insider Trading Activity
In related news, Director Naomi O. Seligman sold 2,222 shares of Oracle on September 26 at an average price of $288.91, leading to a total transaction value of approximately $641,958. Following this transaction, Seligman holds 29,225 shares valued at around $8.44 million, reflecting a decrease of 7.07% in her position.
Another insider, Clayton M. Magouyrk, sold 21,241 shares on September 12 at an average price of $297.11, totaling approximately $6.31 million. After this sale, Magouyrk retains 78,000 shares valued at about $23.17 million, marking a 21.40% decrease in his holdings. Over the last quarter, insiders have sold a total of 120,769 shares worth approximately $36.43 million, with insiders currently owning 40.90% of the company’s stock.
Oracle’s Stock Performance and Financial Outlook
As of September 9, 2023, shares of Oracle opened at $275.12. The company has seen a 52-week low of $118.86 and a high of $345.72. With a market capitalization of approximately $784.31 billion, Oracle’s financial metrics include a debt-to-equity ratio of 3.33, a quick ratio of 0.62, and a current ratio of 0.62. The stock’s price-to-earnings (P/E) ratio stands at 63.69, with a beta of 1.53 indicating a moderate level of volatility.
On September 9, Oracle announced its earnings results for the quarter, reporting earnings per share (EPS) of $1.47, slightly below analysts’ expectations of $1.48. The company generated $14.93 billion in revenue, missing estimates of $15.04 billion. Despite this shortfall, revenue increased by 12.2% year-over-year, up from $1.39 EPS reported in the same quarter last year. Looking ahead, Oracle has set its guidance for Q2 2026 at an EPS range of 1.270-1.310.
Additionally, Oracle has declared a quarterly dividend of $0.50 per share, scheduled to be paid on October 23, 2023. Shareholders of record on October 9 will be eligible to receive this dividend, representing an annualized dividend of $2.00 and a yield of 0.7%. The company’s payout ratio currently stands at 46.30%.
Oracle Corporation continues to be a key player in the enterprise software sector, offering a wide range of products and services to address information technology needs globally. Its offerings include various cloud applications such as Oracle Fusion cloud ERP, Oracle Cerner healthcare solutions, and the NetSuite applications suite, among others.
