Colton Groome Financial Advisors LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 16.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,503 shares of the enterprise software provider’s stock after acquiring an additional 496 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Oracle were worth $766,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Oracle during the second quarter valued at $60,000. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of Oracle during the first quarter valued at $39,000. Institutional investors own 42.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on ORCL shares. Cantor Fitzgerald upped their target price on shares of Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Westpark Capital boosted their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 12th. TD Cowen raised their target price on shares of Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Berenberg Bank lifted their target price on shares of Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a research report on Monday, September 15th. Finally, Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $298.06.
Insider Transactions at Oracle
In other news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares of the company’s stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares of the company’s stock, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,092 shares of company stock valued at $32,960,165. Company insiders own 42.20% of the company’s stock.
Oracle Stock Down 5.6%
Shares of ORCL stock opened at $291.28 on Friday. 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 $827.73 billion, a P/E ratio of 67.43, a P/E/G ratio of 3.33 and a beta of 1.46. The company has a 50 day simple moving average of $257.43 and a two-hundred day simple moving average of $199.48.
Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle’s dividend payout ratio is presently 46.30%.
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.
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