Trustco Bank Corp N Y Buys 300 Shares of Oracle Corporation $ORCL

Trustco Bank Corp N Y grew its position in shares of Oracle Corporation (NYSE:ORCL) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,389 shares of the enterprise software provider’s stock after buying an additional 300 shares during the quarter. Oracle accounts for approximately 2.0% of Trustco Bank Corp N Y’s holdings, making the stock its 17th largest position. Trustco Bank Corp N Y’s holdings in Oracle were worth $2,053,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ORCL. Lockheed Martin Investment Management Co. increased its position in Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock valued at $7,179,000 after acquiring an additional 2,110 shares during the last quarter. Private Wealth Asset Management LLC lifted its holdings in shares of Oracle by 9.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock worth $835,000 after acquiring an additional 321 shares during the last quarter. Soltis Investment Advisors LLC boosted its stake in shares of Oracle by 4.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock worth $7,201,000 after purchasing an additional 1,515 shares during the period. Cascade Investment Group Inc. bought a new position in Oracle during the 2nd quarter valued at about $239,000. Finally, Lockerman Financial Group Inc. purchased a new stake in Oracle in the 2nd quarter worth about $328,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORCL. Stifel Nicolaus boosted their target price on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Rothschild Redb upgraded Oracle to a “strong sell” rating in a report on Thursday, September 25th. Melius Research increased their target price on Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Mizuho lifted their target price on Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Finally, Erste Group Bank cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $217.68 on Friday. The firm has a 50 day moving average of $279.79 and a 200 day moving average of $232.56. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $620.56 billion, a price-to-earnings ratio of 50.39, a price-to-earnings-growth ratio of 2.96 and a beta of 1.51. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

Oracle (NYSE:ORCL) last announced 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). The company 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%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, October 9th. Oracle’s payout ratio is 46.30%.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director owned 29,225 shares in the company, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. The trade was a 24.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 204,254 shares of company stock valued at $60,227,807 over the last three months. Company insiders own 40.90% of the company’s stock.

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.