FNY Investment Advisers LLC boosted its position in Oracle Corporation (NYSE:ORCL – Free Report) by 126.5% in the 2nd quarter, Holdings Channel reports. The fund owned 7,379 shares of the enterprise software provider’s stock after purchasing an additional 4,121 shares during the period. FNY Investment Advisers LLC’s holdings in Oracle were worth $1,613,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Studio Investment Management LLC boosted its holdings in shares of Oracle by 1.0% during the second quarter. Studio Investment Management LLC now owns 4,796 shares of the enterprise software provider’s stock worth $1,049,000 after purchasing an additional 47 shares during the last quarter. Retirement Planning Group LLC grew its holdings in Oracle by 8.5% in the 2nd quarter. Retirement Planning Group LLC now owns 3,689 shares of the enterprise software provider’s stock valued at $807,000 after buying an additional 290 shares during the period. D.A. Davidson & CO. increased its stake in shares of Oracle by 24.5% during the 2nd quarter. D.A. Davidson & CO. now owns 128,660 shares of the enterprise software provider’s stock valued at $28,129,000 after acquiring an additional 25,303 shares during the last quarter. Blume Capital Management Inc. lifted its holdings in shares of Oracle by 24.7% during the 2nd quarter. Blume Capital Management Inc. now owns 374 shares of the enterprise software provider’s stock worth $82,000 after acquiring an additional 74 shares during the period. Finally, Gables Capital Management Inc. boosted its position in shares of Oracle by 12.8% in the second quarter. Gables Capital Management Inc. now owns 1,661 shares of the enterprise software provider’s stock worth $363,000 after acquiring an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Analyst Ratings Changes
ORCL has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Oracle in a research report on Friday, October 17th. TD Cowen increased their target price on Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. BNP Paribas set a $377.00 target price on Oracle in a report on Wednesday, September 10th. JMP Securities reissued a “market outperform” rating and set a $342.00 price target on shares of Oracle in a research report on Friday, October 17th. Finally, Baird R W upgraded Oracle to a “strong-buy” rating in a report on Wednesday, October 8th. Three 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.
Insider Activity
In other Oracle news, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the transaction, the executive vice president owned 18,429 shares in the company, valued at $5,528,700. The trade was a 51.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the firm’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 sale, the insider owned 78,000 shares of the company’s stock, valued at $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,769 shares of company stock worth $36,428,967 over the last three months. 40.90% of the stock is currently owned by corporate insiders.
Oracle Price Performance
Shares of NYSE ORCL opened at $275.12 on Wednesday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The business has a 50-day moving average of $272.62 and a 200-day moving average of $217.84. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $784.31 billion, a price-to-earnings ratio of 63.69, a PEG ratio of 2.97 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 earnings per share 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 return on equity of 72.93% and a net margin of 21.08%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is presently 46.30%.
Oracle Company 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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