Northeast Financial Group Inc. Takes Position in Oracle Corporation $ORCL

Northeast Financial Group Inc. purchased a new stake in Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,589 shares of the enterprise software provider’s stock, valued at approximately $347,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new stake in Oracle during the second quarter worth about $34,000. Redmont Wealth Advisors LLC acquired a new position in Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% in the 1st 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. Finally, Family Legacy Financial Solutions LLC acquired a new position in Oracle in the 2nd quarter valued at approximately $60,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,314 shares of company stock worth $33,602,123. 42.20% of the stock is owned by company insiders.

Oracle Stock Down 0.6%

Shares of ORCL opened at $281.01 on Wednesday. The company has a market capitalization of $801.10 billion, a P/E ratio of 65.05, a PEG ratio of 3.04 and a beta of 1.46. 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 Corporation has a one year low of $118.86 and a one year high of $345.72. The business’s 50 day simple moving average is $259.82 and its 200-day simple moving average is $202.64.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on ORCL. DA Davidson upped their price target on Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Melius Research upped their price target on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Bank of America upgraded Oracle from a “neutral” rating to a “buy” rating and upped their price objective for the company from $295.00 to $368.00 in a research note on Wednesday, September 10th. Rothschild & Co Redburn began coverage on Oracle in a research note on Thursday, September 25th. They issued a “sell” rating and a $175.00 price objective on the stock. Finally, Citigroup reiterated an “outperform” rating on shares of Oracle in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.71.

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.