Harbour Trust & Investment Management Co Cuts Stock Position in Oracle Corporation $ORCL

Harbour Trust & Investment Management Co trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 41,088 shares of the enterprise software provider’s stock after selling 411 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Oracle were worth $8,983,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Axxcess Wealth Management LLC boosted its stake in Oracle by 1.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 58,815 shares of the enterprise software provider’s stock valued at $12,859,000 after purchasing an additional 850 shares during the last quarter. Moran Wealth Management LLC boosted its stake in Oracle by 19.6% during the 2nd quarter. Moran Wealth Management LLC now owns 14,369 shares of the enterprise software provider’s stock valued at $3,141,000 after purchasing an additional 2,358 shares during the last quarter. Cutler Investment Counsel LLC purchased a new stake in Oracle during the 2nd quarter valued at $235,000. Cornerstone Wealth Group LLC boosted its stake in Oracle by 5.8% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 17,930 shares of the enterprise software provider’s stock valued at $3,920,000 after purchasing an additional 979 shares during the last quarter. Finally, Heartland Bank & Trust Co boosted its stake in Oracle by 14.4% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,751 shares of the enterprise software provider’s stock valued at $383,000 after purchasing an additional 221 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $308.14 on Tuesday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The stock’s fifty day moving average is $267.80 and its 200 day moving average is $211.91. The stock has a market cap of $878.43 billion, a P/E ratio of 71.33, a P/E/G ratio of 3.15 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL) last announced its 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 company had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the prior year, the business posted $1.39 earnings per share. Oracle’s revenue for the quarter was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.30%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group increased their target price on Oracle from $270.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. DA Davidson increased their target price on Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. TD Cowen increased their target price on Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Citigroup restated a “buy” rating on shares of Oracle in a research note on Friday. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $307.00.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 completion of the transaction, the insider directly owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock valued at $31,272,223 in the last 90 days. 40.90% of the stock is owned by company insiders.

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.