J. L. Bainbridge & Co. Inc. acquired a new stake in Oracle Corporation (NYSE:ORCL – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,353 shares of the enterprise software provider’s stock, valued at approximately $296,000.
A number of other large investors have also made changes to their positions in the stock. Winnow Wealth LLC acquired a new stake in shares of Oracle during the 2nd quarter worth about $28,000. LGT Financial Advisors LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $33,000. Legend Financial Advisors Inc. purchased a new position in shares of Oracle during the second quarter valued at approximately $34,000. HighMark Wealth Management LLC acquired a new stake in Oracle during the second quarter worth approximately $38,000. Finally, Moser Wealth Advisors LLC grew its stake in Oracle by 1,770.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock worth $41,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on ORCL shares. Rothschild Redb raised Oracle to a “strong sell” rating in a research note on Thursday, September 25th. Redburn Partners set a $175.00 target price on Oracle in a research note on Thursday, September 25th. Sanford C. Bernstein increased their target price on Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. The Goldman Sachs Group reissued a “neutral” rating and issued a $320.00 price target on shares of Oracle in a research note on Monday, October 20th. Finally, Barclays upped their price objective on shares of Oracle from $367.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $322.26.
Insider Transactions at Oracle
In other news, EVP Maria Smith sold 5,000 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the sale, the executive vice president owned 47,083 shares in the company, valued at approximately $13,212,431.46. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the transaction, the director directly owned 151,999 shares in the company, valued at $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 204,254 shares of company stock worth $60,227,807 in the last quarter. 40.90% of the stock is owned by corporate insiders.
Oracle Stock Down 5.8%
ORCL opened at $198.54 on Friday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The firm has a 50 day moving average price of $272.92 and a 200 day moving average price of $236.17. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $566.00 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 2.96 and a beta of 1.51.
Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share 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 business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period last year, the firm earned $1.39 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, October 9th. Oracle’s dividend payout ratio is currently 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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