Good Life Advisors LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,744 shares of the enterprise software provider’s stock after acquiring an additional 327 shares during the period. Good Life Advisors LLC’s holdings in Oracle were worth $2,349,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lockheed Martin Investment Management Co. increased its holdings in Oracle by 4.3% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock valued at $7,179,000 after purchasing an additional 2,110 shares in the last quarter. Private Wealth Asset Management LLC grew its holdings in shares of Oracle by 9.2% during the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock worth $835,000 after purchasing an additional 321 shares during the last quarter. Soltis Investment Advisors LLC grew its holdings in shares of Oracle by 4.8% during the second quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock worth $7,201,000 after purchasing an additional 1,515 shares during the last quarter. Cascade Investment Group Inc. acquired a new stake in shares of Oracle in the second quarter valued at $239,000. Finally, Lockerman Financial Group Inc. bought a new position in shares of Oracle in the second quarter valued at about $328,000. Institutional investors own 42.44% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of Oracle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 7th. Cantor Fitzgerald upped their target price on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. TD Cowen raised their price target on shares of Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. BNP Paribas set a $377.00 price objective on Oracle in a report on Wednesday, September 10th. Finally, Morgan Stanley lifted their target price on Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $323.69.
Insider Buying and Selling
In other Oracle news, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 204,254 shares of company stock worth $60,227,807. Corporate insiders own 40.90% of the company’s stock.
Oracle Price Performance
Shares of ORCL stock opened at $223.11 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The firm has a fifty day moving average of $279.89 and a 200-day moving average of $232.67. The firm has a market capitalization of $636.03 billion, a price-to-earnings ratio of 52.05, a price-to-earnings-growth ratio of 2.96 and a beta of 1.51.
Oracle (NYSE:ORCL – Get Free Report) last released its quarterly 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 business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the prior year, the business earned $1.39 EPS. The company’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. On average, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Oracle’s 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.
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