Sovereign Financial Group Inc. Sells 62 Shares of Oracle Corporation $ORCL

Sovereign Financial Group Inc. decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,511 shares of the enterprise software provider’s stock after selling 62 shares during the period. Sovereign Financial Group Inc.’s holdings in Oracle were worth $768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new stake in shares of Oracle during the 2nd quarter valued at $34,000. HighMark Wealth Management LLC acquired a new stake in Oracle in the second quarter worth $38,000. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter worth $28,000. Finally, Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ORCL shares. Baird R W upgraded shares of Oracle to a “strong-buy” rating in a report on Wednesday. The Goldman Sachs Group increased their target price on shares of Oracle from $195.00 to $310.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Barclays increased their target price on shares of Oracle from $221.00 to $281.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Wolfe Research raised their price objective on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $306.71.

Insider Buying and Selling at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares in the company, valued at approximately $42,603,800.96. The trade was a 20.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the sale, the insider owned 78,000 shares in the company, valued at $23,174,580. The trade was 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 104,314 shares of company stock valued at $31,272,223 over the last quarter. 40.90% of the stock is currently owned by corporate insiders.

Oracle Trading Down 1.3%

Shares of NYSE:ORCL opened at $293.04 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. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company’s fifty day simple moving average is $266.69 and its 200 day simple moving average is $210.29. The firm has a market cap of $835.40 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.15 and a beta of 1.53.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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 net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s payout ratio is presently 46.30%.

Oracle 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.