Midwest Trust Co Buys Shares of 27,405 Oracle Corporation $ORCL

Midwest Trust Co bought a new position in Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,405 shares of the enterprise software provider’s stock, valued at approximately $5,992,000.

A number of other hedge funds have also added to or reduced their stakes in ORCL. Snider Financial Group lifted its holdings in Oracle by 1.3% in the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after acquiring an additional 40 shares during the period. SNS Financial Group LLC increased its stake in shares of Oracle by 0.9% in the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock worth $1,070,000 after purchasing an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. raised its stake in shares of Oracle by 7.2% in the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after buying an additional 43 shares during the period. Creative Capital Management Investments LLC lifted its position in shares of Oracle by 5.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after buying an additional 43 shares in the last quarter. Finally, MFA Wealth Services grew its stake in shares of Oracle by 1.0% during the 2nd quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider’s stock valued at $998,000 after acquiring an additional 43 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $320.00 target price on shares of Oracle in a research note on Monday, October 20th. Morgan Stanley raised their price objective on shares of Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 23rd. Cowen reaffirmed a “buy” rating on shares of Oracle in a report on Friday, October 17th. Citigroup reiterated a “buy” rating on shares of Oracle in a research note on Friday, October 10th. Finally, Cantor Fitzgerald raised their price target on Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Three research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

Oracle Stock Down 1.9%

Shares of NYSE ORCL opened at $239.15 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The firm’s 50-day moving average price is $279.32 and its 200-day moving average price is $231.30. The stock has a market capitalization of $681.77 billion, a price-to-earnings ratio of 55.36, a P/E/G ratio of 2.96 and a beta of 1.51.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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). The company had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle’s payout ratio is currently 46.30%.

Insider Activity at Oracle

In related news, Director William G. Parrett sold 11,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,435,784. This represents a 39.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 151,999 shares of the company’s stock, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 204,254 shares of company stock worth $60,227,807 in the last three months. 40.90% of the stock is owned by insiders.

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.