Sutton Place Investors LLC acquired a new stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,246 shares of the enterprise software provider’s stock, valued at approximately $272,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in Oracle in the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC increased 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 during the last quarter. Legend Financial Advisors Inc. bought a new stake in Oracle in the 2nd quarter valued at $34,000. Finally, HighMark Wealth Management LLC bought a new stake in Oracle in the 2nd quarter valued at $38,000. 42.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on ORCL shares. Sanford C. Bernstein lifted their price target on shares of Oracle from $363.00 to $364.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Piper Sandler lifted their price target on shares of Oracle from $270.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. JMP Securities reiterated a “market outperform” rating and issued a $342.00 price target on shares of Oracle in a report on Wednesday, September 24th. BNP Paribas set a $377.00 target price on shares of Oracle in a report on Wednesday, September 10th. Finally, William Blair restated an “outperform” rating on shares of Oracle in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $304.71.
Oracle Price Performance
ORCL stock opened at $286.23 on Friday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a 50-day moving average price of $262.53 and a 200 day moving average price of $205.48. The stock has a market cap of $815.99 billion, a PE ratio of 66.26, a P/E/G ratio of 3.08 and a beta of 1.53.
Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the prior year, the firm posted $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. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s payout ratio is 46.30%.
Insider Buying and Selling
In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the sale, the insider directly owned 78,000 shares of the company’s stock, valued at $23,174,580. The trade was a 21.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,314 shares of company stock worth $31,272,223 over the last 90 days. Corporate insiders own 42.20% 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.
Featured Articles
- Five stocks we like better than Oracle
- Using the MarketBeat Dividend Tax Calculator
- Why the Precious Metal Nobody Talks About Could Be Your Best Bet
- Using the MarketBeat Stock Split Calculator
- Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback
- What Are Trending Stocks? Trending Stocks Explained
- 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.