Oracle Corporation $ORCL Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC cut its stake in shares of Oracle Corporation (NYSE:ORCL) by 3.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,705 shares of the enterprise software provider’s stock after selling 381 shares during the quarter. Naviter Wealth LLC’s holdings in Oracle were worth $2,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC grew 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 buying an additional 151 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in Oracle during the second quarter valued at $34,000. Finally, HighMark Wealth Management LLC purchased a new stake in Oracle in the 2nd quarter worth about $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares of the company’s stock, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the transaction, the insider owned 132,656 shares in the company, valued at $42,603,800.96. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock valued at $31,272,223 over the last three months. Corporate insiders own 40.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Redburn Partners set a $175.00 target price on Oracle in a research note on Thursday, September 25th. Morgan Stanley raised their price target on shares of Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 23rd. Mizuho upped their price objective on shares of Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. JMP Securities reiterated a “market outperform” rating and issued a $342.00 target price on shares of Oracle in a research report on Wednesday, September 24th. Finally, Baird R W upgraded shares of Oracle to a “strong-buy” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $307.00.

Oracle Price Performance

NYSE ORCL opened at $308.14 on Tuesday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The stock’s 50-day moving average is $267.80 and its two-hundred day moving average is $211.91. The firm has a market cap of $878.43 billion, a P/E ratio of 71.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick 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 the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same quarter last year, the company posted $1.39 EPS. The business’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. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. Oracle’s dividend payout ratio (DPR) is currently 46.30%.

About Oracle

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.