Northern Financial Advisors Inc increased its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 1.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,485 shares of the enterprise software provider’s stock after purchasing an additional 192 shares during the period. Oracle accounts for 2.0% of Northern Financial Advisors Inc’s holdings, making the stock its 12th biggest holding. Northern Financial Advisors Inc’s holdings in Oracle were worth $2,730,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC boosted its stake 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 acquiring an additional 151 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in Oracle in the second quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in Oracle in the second quarter valued at approximately $38,000. 42.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. William Blair restated an “outperform” rating on shares of Oracle in a research note on Monday, September 22nd. Wolfe Research raised their target price on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Jefferies Financial Group raised their target price on shares of Oracle from $270.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Piper Sandler raised their target price on shares of Oracle from $270.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Finally, Bank of America raised shares of Oracle from a “neutral” rating to a “buy” rating and raised their price target for the stock from $295.00 to $368.00 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 issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $304.71.
Insider Buying and Selling at Oracle
In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% 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, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the transaction, the director 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. Over the last ninety days, insiders have sold 104,314 shares of company stock valued at $31,272,223. Company insiders own 40.90% of the company’s stock.
Oracle Trading Down 2.4%
NYSE ORCL opened at $284.46 on Wednesday. The company has a market capitalization of $810.94 billion, a PE ratio of 65.85, a P/E/G ratio of 3.14 and a beta of 1.53. The company has a fifty day moving average of $264.10 and a 200 day moving average of $207.36. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. 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 (NYSE:ORCL – Get Free Report) last posted its 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 business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle’s payout ratio is currently 46.30%.
Oracle 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.
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