Eastern Bank Decreases Stake in Oracle Corporation $ORCL

Eastern Bank cut its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 359,527 shares of the enterprise software provider’s stock after selling 4,726 shares during the quarter. Oracle comprises 1.5% of Eastern Bank’s portfolio, making the stock its 18th biggest position. Eastern Bank’s holdings in Oracle were worth $78,603,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Aberdeen Group plc raised its position in Oracle by 4.7% during the 2nd quarter. Aberdeen Group plc now owns 1,510,844 shares of the enterprise software provider’s stock worth $332,733,000 after buying an additional 67,570 shares during the last quarter. Agate Pass Investment Management LLC raised its position in Oracle by 36.0% during the 2nd quarter. Agate Pass Investment Management LLC now owns 31,892 shares of the enterprise software provider’s stock worth $6,973,000 after buying an additional 8,440 shares during the last quarter. First Fiduciary Investment Counsel Inc. raised its position in Oracle by 1.7% during the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 73,657 shares of the enterprise software provider’s stock worth $16,104,000 after buying an additional 1,196 shares during the last quarter. PDS Planning Inc raised its position in Oracle by 0.5% during the 2nd quarter. PDS Planning Inc now owns 18,374 shares of the enterprise software provider’s stock worth $4,017,000 after buying an additional 88 shares during the last quarter. Finally, JB Capital LLC purchased a new position in Oracle during the 2nd quarter worth approximately $293,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider owned 132,656 shares of the company’s stock, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of Oracle stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the sale, the director directly owned 29,225 shares in the company, valued at approximately $8,443,394.75. This trade represents a 7.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,314 shares of company stock worth $31,272,223. Company insiders own 40.90% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $293.04 on Friday. The company’s fifty day moving average price is $266.69 and its 200 day moving average price is $209.86. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The stock has a market capitalization of $835.40 billion, a P/E ratio of 67.83, a P/E/G ratio of 3.20 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same period in the prior year, the business posted $1.39 EPS. Oracle’s revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. Wolfe Research raised their price target on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Piper Sandler raised their price objective on shares of Oracle from $270.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Jefferies Financial Group raised their price objective on shares of Oracle from $270.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Baird R W raised shares of Oracle to a “strong-buy” rating in a research note on Wednesday. Finally, Robert W. Baird began coverage on shares of Oracle in a research note on Wednesday. They set an “outperform” rating and a $365.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.