GPS Wealth Strategies Group LLC Sells 13,547 Shares of Oracle Corporation $ORCL

GPS Wealth Strategies Group LLC cut its stake in shares of Oracle Corporation (NYSE:ORCLFree Report) by 89.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,556 shares of the enterprise software provider’s stock after selling 13,547 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Oracle were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ORCL. Jennison Associates LLC increased its position in shares of Oracle by 2,062.4% during the third quarter. Jennison Associates LLC now owns 9,227,252 shares of the enterprise software provider’s stock worth $2,595,072,000 after acquiring an additional 8,800,546 shares during the period. Vanguard Group Inc. raised its holdings in shares of Oracle by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 174,802,084 shares of the enterprise software provider’s stock valued at $34,070,674,000 after purchasing an additional 5,841,584 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Oracle by 333.7% in the 3rd quarter. American Century Companies Inc. now owns 5,238,006 shares of the enterprise software provider’s stock valued at $1,473,137,000 after purchasing an additional 4,030,382 shares in the last quarter. Amundi raised its holdings in shares of Oracle by 32.9% in the 3rd quarter. Amundi now owns 9,636,090 shares of the enterprise software provider’s stock valued at $2,809,609,000 after purchasing an additional 2,385,556 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Oracle by 921.6% in the 4th quarter. SG Americas Securities LLC now owns 2,311,815 shares of the enterprise software provider’s stock valued at $450,596,000 after purchasing an additional 2,085,514 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 1.2%

ORCL stock opened at $192.13 on Friday. The firm’s fifty day simple moving average is $166.27 and its 200-day simple moving average is $179.99. The company has a market capitalization of $552.58 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.35 and a quick ratio of 1.35. Oracle Corporation has a 12 month low of $134.57 and a 12 month high of $345.72.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings data on Tuesday, March 10th. The enterprise software provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.71 by $0.08. The business had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $16.91 billion. Oracle had a net margin of 25.30% and a return on equity of 62.70%. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. As a group, equities research analysts forecast that Oracle Corporation will post 6.08 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Thursday, April 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, April 9th. Oracle’s dividend payout ratio is 35.91%.

Oracle News Roundup

Here are the key news stories impacting Oracle this week:

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. Citizens Jmp reduced their price target on shares of Oracle from $342.00 to $285.00 and set a “market outperform” rating for the company in a report on Thursday, February 5th. TD Cowen dropped their target price on shares of Oracle from $350.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Bank of America assumed coverage on shares of Oracle in a research report on Tuesday, March 24th. They set a “buy” rating and a $200.00 target price on the stock. Sanford C. Bernstein set a $313.00 target price on shares of Oracle in a research report on Monday, February 9th. Finally, Mizuho dropped their target price on shares of Oracle from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Monday, March 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $261.46.

Read Our Latest Analysis on ORCL

Insider Transactions at Oracle

In related news, EVP Stuart Levey sold 15,000 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $176.19, for a total transaction of $2,642,850.00. Following the sale, the executive vice president directly owned 3,429 shares of the company’s stock, valued at approximately $604,155.51. This represents a 81.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 40.90% of the company’s stock.

Oracle Profile

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

Further Reading

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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