Convergence Investment Partners LLC Lowers Stock Holdings in Oracle Corporation $ORCL

Convergence Investment Partners LLC lowered its stake in shares of Oracle Corporation (NYSE:ORCL) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,602 shares of the enterprise software provider’s stock after selling 75 shares during the quarter. Convergence Investment Partners LLC’s holdings in Oracle were worth $569,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in Oracle in the 1st quarter valued at approximately $27,000. Iron Horse Wealth Management LLC boosted 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 purchasing an additional 151 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in Oracle in the 2nd quarter valued at approximately $33,000. Legend Financial Advisors Inc. purchased a new stake in Oracle in the 2nd quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC purchased a new stake in Oracle in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ORCL shares. Rothschild Redb raised Oracle to a “strong sell” rating in a report on Thursday, September 25th. Evercore ISI lifted their price objective on Oracle from $350.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Cantor Fitzgerald lifted their price target on shares of Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $320.00 price target on shares of Oracle in a research report on Monday, October 20th. Finally, Bank of America upgraded shares of Oracle from a “neutral” rating to a “buy” rating and lifted their price target for the company from $295.00 to $368.00 in a research report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

Oracle Trading Down 0.7%

Shares of Oracle stock opened at $281.25 on Tuesday. 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 Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a market capitalization of $801.78 billion, a P/E ratio of 65.10, a P/E/G ratio of 3.04 and a beta of 1.53. The business has a 50 day moving average price of $275.24 and a 200 day moving average price of $222.60.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The company’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. Sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, October 9th. Oracle’s payout ratio is currently 46.30%.

Insider Activity

In related news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total value of $11,065,600.00. Following the transaction, the chief executive officer owned 154,030 shares of the company’s stock, valued at $42,610,859.20. This represents a 20.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 170,769 shares of company stock worth $50,297,667. 40.90% of the stock is owned by corporate 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.