Atria Wealth Solutions Inc. cut its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 73.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,296 shares of the enterprise software provider’s stock after selling 52,584 shares during the period. Atria Wealth Solutions Inc.’s holdings in Oracle were worth $4,282,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. lifted its holdings in Oracle by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 123,845 shares of the enterprise software provider’s stock worth $27,076,000 after acquiring an additional 11,019 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Oracle by 0.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 140,513 shares of the enterprise software provider’s stock worth $30,720,000 after acquiring an additional 1,200 shares in the last quarter. Concord Asset Management LLC VA bought a new position in Oracle during the second quarter worth about $522,000. Sequoia Financial Advisors LLC lifted its holdings in Oracle by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 218,595 shares of the enterprise software provider’s stock worth $47,791,000 after acquiring an additional 8,460 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in Oracle by 31.6% during the second quarter. Vest Financial LLC now owns 62,610 shares of the enterprise software provider’s stock worth $13,688,000 after acquiring an additional 15,043 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Redburn Partners set a $175.00 target price on Oracle in a report on Thursday, September 25th. Wolfe Research boosted their price target on Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Robert W. Baird initiated coverage on Oracle in a report on Wednesday, October 8th. They issued an “outperform” rating and a $365.00 price target on the stock. William Blair restated an “outperform” rating on shares of Oracle in a report on Monday, September 22nd. Finally, BNP Paribas set a $377.00 price target on Oracle in a report on Wednesday, September 10th. Three investment 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. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $307.00.
Oracle Price Performance
NYSE:ORCL opened at $308.14 on Tuesday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s 50-day simple moving average is $267.80 and its 200 day simple moving average is $211.91. The company has a market cap of $878.43 billion, a P/E ratio of 71.33, a P/E/G ratio of 3.15 and a beta of 1.53. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.
Oracle (NYSE:ORCL – Get Free Report) 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). The company had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. Oracle’s payout ratio is currently 46.30%.
Insider Buying and Selling
In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the business’s 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 transaction, the insider owned 132,656 shares of the company’s stock, valued at $42,603,800.96. The trade was a 20.33% 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 Clayton M. Magouyrk sold 21,241 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock worth $31,272,223 in the last three months. Insiders own 40.90% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Oracle
- Should You Invest in Penny Stocks?
- FICO’s Big Dip Could Be the Best Buying Chance of the Year
- How to Effectively Use the MarketBeat Ratings Screener
- D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
- Stock Analyst Ratings and Canadian Analyst Ratings
- Datavault: A Speculative AI Play, But Beware of Volatility
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL – Free Report).
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.