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Institutional investors increased Oracle stock holdings, earnings slightly missed estimates, revenue rose 12.2%, and a $0.50 dividend was declared.
Institutional investors made notable moves in Oracle Corporation (ORCL) during the second quarter, with QTR Family Wealth LLC, Vigilare Wealth Management, Polen Capital Management, and Impact Capital Partners increasing their stakes, while Dogwood Wealth Management reduced its position.
Oracle reported second-quarter earnings of $1.47 per share, slightly below estimates, with revenue of $14.93 billion, up 12.2% year-over-year.
The company announced a quarterly dividend of $0.50 per share, payable on October 23 to shareholders of record on October 9, yielding 0.7%.
Analysts maintain a "Moderate Buy" consensus rating with a target price of $304.71.
Oracle’s market cap stands at $801.1 billion, and it continues to expand its cloud-based enterprise software offerings globally.
Los inversores institucionales aumentaron las tenencias de acciones de Oracle, las ganancias ligeramente superaron las estimaciones, los ingresos aumentaron un 12.2% y se declaró un dividendo de $0.50.