Cidel Asset Management Inc. Sells 240 Shares of Oracle Corporation $ORCL

Cidel Asset Management Inc. reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,220 shares of the enterprise software provider’s stock after selling 240 shares during the quarter. Cidel Asset Management Inc.’s holdings in Oracle were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. increased its stake in shares of Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 43 shares during the last quarter. Creative Capital Management Investments LLC increased its stake in shares of Oracle by 5.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after acquiring an additional 43 shares during the last quarter. MFA Wealth Services increased its stake in shares of Oracle by 1.0% in the 2nd quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider’s stock valued at $998,000 after acquiring an additional 43 shares during the last quarter. Davis Investment Partners LLC increased its stake in shares of Oracle by 0.7% in the 2nd quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider’s stock valued at $1,517,000 after acquiring an additional 46 shares during the last quarter. Finally, Acropolis Investment Management LLC increased its stake in shares of Oracle by 2.6% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider’s stock valued at $404,000 after acquiring an additional 47 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,222 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 29,225 shares in the company, valued at $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 available at this link. Also, insider Michael D. Sicilia sold 33,845 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,769 shares of company stock worth $36,428,967. 40.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Redburn Partners set a $175.00 price target on Oracle in a research note on Thursday, September 25th. Scotiabank upped their price target on Oracle from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $310.00 price target on shares of Oracle in a research note on Friday. Stifel Nicolaus upped their price target on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Robert W. Baird assumed coverage on Oracle in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $365.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.40.

Oracle Price Performance

Shares of ORCL opened at $291.95 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50 day simple moving average of $271.71 and a 200 day simple moving average of $215.85. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The firm has a market capitalization of $832.28 billion, a PE ratio of 67.58, a P/E/G ratio of 3.13 and a beta of 1.53.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share 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 analyst estimates of $15.04 billion. During the same period last year, the company earned $1.39 EPS. The company’s revenue 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 predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle’s dividend payout ratio is 46.30%.

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.