REAP Financial Group LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 22.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,225 shares of the enterprise software provider’s stock after buying an additional 223 shares during the period. REAP Financial Group LLC’s holdings in Oracle were worth $268,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sax Wealth Advisors LLC increased its position in shares of Oracle by 2.5% during the second quarter. Sax Wealth Advisors LLC now owns 4,201 shares of the enterprise software provider’s stock valued at $919,000 after buying an additional 104 shares during the period. WestEnd Advisors LLC grew its stake in Oracle by 478,790.2% during the second quarter. WestEnd Advisors LLC now owns 244,234 shares of the enterprise software provider’s stock valued at $53,397,000 after acquiring an additional 244,183 shares in the last quarter. 1 North Wealth Services LLC grew its stake in Oracle by 1.6% during the second quarter. 1 North Wealth Services LLC now owns 13,428 shares of the enterprise software provider’s stock valued at $2,936,000 after acquiring an additional 211 shares in the last quarter. First Financial Group Corp purchased a new position in Oracle during the second quarter valued at approximately $208,000. Finally, SGL Investment Advisors Inc. boosted its holdings in Oracle by 97.1% in the 2nd quarter. SGL Investment Advisors Inc. now owns 3,246 shares of the enterprise software provider’s stock valued at $761,000 after purchasing an additional 1,599 shares during the period. 42.44% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, insider Clayton M. Magouyrk sold 21,241 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares in the company, valued at $23,174,580. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock worth $31,272,223 in the last ninety days. Corporate insiders own 40.90% of the company’s stock.
Oracle Trading Down 2.4%
Oracle (NYSE:ORCL – Get Free Report) last announced 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 business had revenue of $14.93 billion during 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%. Oracle’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Announces Dividend
The business also recently disclosed 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. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s payout ratio is currently 46.30%.
Analysts Set New Price Targets
ORCL has been the subject of several analyst reports. Berenberg Bank raised their price target on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a report on Monday, September 15th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Morgan Stanley upped their target price on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 23rd. Stifel Nicolaus upped their target price on Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, Cantor Fitzgerald boosted 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. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $304.71.
Get Our Latest Analysis on ORCL
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.
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