Oracle Corporation $ORCL Shares Sold by Evanson Asset Management LLC

Evanson Asset Management LLC reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 10.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,959 shares of the enterprise software provider’s stock after selling 595 shares during the period. Evanson Asset Management LLC’s holdings in Oracle were worth $1,084,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new stake in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the first quarter valued at $28,000. Iron Horse Wealth Management LLC increased its holdings in Oracle by 284.9% in 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. Family Legacy Financial Solutions LLC acquired a new position in shares of Oracle in the second quarter worth about $60,000. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of Oracle during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ORCL shares. The Goldman Sachs Group lifted their price target on Oracle from $195.00 to $310.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Stifel Nicolaus raised their price objective on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Scotiabank restated an “outperform” rating on shares of Oracle in a research report on Wednesday, September 10th. JMP Securities increased their target price on Oracle from $315.00 to $342.00 and gave the company a “market outperform” rating in a research report on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $305.75.

Oracle Stock Down 4.0%

Shares of NYSE ORCL opened at $314.90 on Wednesday. The stock has a market cap of $894.84 billion, a PE ratio of 72.89, a P/E/G ratio of 3.55 and a beta of 1.46. 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 company has a 50-day moving average of $255.23 and a 200 day moving average of $197.74.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter last year, the company earned $1.39 earnings per share. Oracle’s revenue for the quarter was up 12.2% on a year-over-year basis. 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 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. Oracle’s payout ratio is presently 46.30%.

Insider Activity

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares of the company’s stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,092 shares of company stock valued at $32,960,165 in the last quarter. Insiders own 42.20% of the company’s stock.

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.