Harvest Portfolios Group Inc. Has $61.08 Million Stock Holdings in Oracle Corporation $ORCL

Harvest Portfolios Group Inc. raised its holdings in Oracle Corporation (NYSE:ORCL) by 79.5% during the second quarter, Holdings Channel reports. The institutional investor owned 279,385 shares of the enterprise software provider’s stock after buying an additional 123,736 shares during the quarter. Oracle makes up about 1.4% of Harvest Portfolios Group Inc.’s holdings, making the stock its 14th largest position. Harvest Portfolios Group Inc.’s holdings in Oracle were worth $61,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Iron Horse Wealth Management LLC boosted its stake in Oracle by 284.9% during 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 during the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter worth approximately $33,000. Legend Financial Advisors Inc. purchased a new position in shares of Oracle during the second quarter valued at approximately $34,000. HighMark Wealth Management LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $38,000. Finally, Graybill Wealth Management LTD. bought a new stake in Oracle during the first quarter worth $39,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ORCL shares. William Blair reaffirmed an “outperform” rating on shares of Oracle in a report on Friday, October 17th. BMO Capital Markets set a $355.00 price target on shares of Oracle and gave the stock an “outperform” rating in a report on Monday, October 13th. Jefferies Financial Group upped their price objective on shares of Oracle from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Piper Sandler lifted their target price on shares of Oracle from $330.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Finally, Cantor Fitzgerald boosted their target price on Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.69.

Insider Transactions at Oracle

In other news, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the sale, the director owned 17,764 shares in the company, valued at $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 204,254 shares of company stock valued at $60,227,807. 40.90% of the stock is currently owned by insiders.

Oracle Stock Down 2.5%

Oracle stock opened at $244.02 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $695.65 billion, a P/E ratio of 56.49, a P/E/G ratio of 2.96 and a beta of 1.51. The firm has a 50 day moving average price of $279.05 and a 200-day moving average price of $229.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72.

Oracle (NYSE:ORCL) last released 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). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the prior year, the business earned $1.39 earnings per share. The business’s quarterly 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. As a group, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 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.