Oracle Corporation $ORCL Shares Acquired by Cove Private Wealth LLC

Cove Private Wealth LLC increased its stake in Oracle Corporation (NYSE:ORCL) by 0.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,240 shares of the enterprise software provider’s stock after purchasing an additional 65 shares during the quarter. Oracle comprises about 1.0% of Cove Private Wealth LLC’s holdings, making the stock its 21st largest position. Cove Private Wealth LLC’s holdings in Oracle were worth $2,895,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Patton Fund Management Inc. acquired a new stake in Oracle during the 2nd quarter valued at approximately $347,000. Instrumental Wealth LLC acquired a new stake in Oracle during the 2nd quarter valued at approximately $228,000. True North Advisors LLC grew its stake in Oracle by 35.2% during the 2nd quarter. True North Advisors LLC now owns 8,034 shares of the enterprise software provider’s stock valued at $1,756,000 after purchasing an additional 2,093 shares in the last quarter. Arkansas Financial Group Inc. acquired a new stake in Oracle during the 2nd quarter valued at approximately $203,000. Finally, MJT & Associates Financial Advisory Group Inc. grew its stake in Oracle by 10.8% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 675 shares of the enterprise software provider’s stock valued at $148,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’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 value of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,092 shares of company stock worth $32,960,165. 42.20% of the stock is currently owned by insiders.

Oracle Trading Down 2.8%

Shares of NYSE ORCL opened at $283.29 on Friday. The company has a market cap of $805.03 billion, a price-to-earnings ratio of 65.58, a price-to-earnings-growth ratio of 3.13 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock’s 50 day simple moving average is $258.19 and its 200 day simple moving average is $200.44.

Oracle (NYSE:ORCL) last announced its quarterly 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 company had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is 46.30%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORCL. Rothschild & Co Redburn began coverage on Oracle in a research note on Thursday. They set a “sell” rating and a $175.00 price objective for the company. Sanford C. Bernstein raised their price objective on Oracle from $363.00 to $364.00 and gave the company an “outperform” rating in a research note on Friday. Westpark Capital increased their target price on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Barclays increased their target price on Oracle from $221.00 to $281.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Oracle in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.71.

Oracle 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.