Cherry Creek Investment Advisors Inc. Takes Position in Oracle Corporation $ORCL

Cherry Creek Investment Advisors Inc. bought a new stake in shares of Oracle Corporation (NYSE:ORCL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,414 shares of the enterprise software provider’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Iron Horse Wealth Management LLC raised 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 acquiring an additional 151 shares in the last quarter. LGT Financial Advisors LLC bought a new position in shares of Oracle during the second quarter valued at approximately $33,000. Legend Financial Advisors Inc. bought a new position in shares of Oracle during the second quarter valued at approximately $34,000. HighMark Wealth Management LLC bought a new position in shares of Oracle during the second quarter valued at approximately $38,000. Finally, Graybill Wealth Management LTD. bought a new position in shares of Oracle during the first quarter valued at approximately $39,000. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $248.14 on Wednesday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The business has a fifty day moving average price of $278.69 and a 200-day moving average price of $228.82. The company has a market capitalization of $707.40 billion, a PE ratio of 57.44, a PEG ratio of 2.96 and a beta of 1.53.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $15.04 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. 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 analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle’s dividend payout ratio (DPR) is presently 46.30%.

Insider Activity

In related news, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the sale, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William G. Parrett sold 11,500 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the sale, the director directly owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 204,254 shares of company stock valued at $60,227,807. 40.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI upped their target price on Oracle from $350.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Cantor Fitzgerald increased their price objective on Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Scotiabank increased their price objective on Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Guggenheim increased their price objective on Oracle from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Weiss Ratings downgraded Oracle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.69.

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.