Oracle Corporation $ORCL Shares Bought by Granite Harbor Advisors Inc.

Granite Harbor Advisors Inc. raised its holdings in Oracle Corporation (NYSE:ORCL) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,336 shares of the enterprise software provider’s stock after acquiring an additional 225 shares during the quarter. Granite Harbor Advisors Inc.’s holdings in Oracle were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Forum Financial Management LP lifted its stake in Oracle by 17.4% during the second quarter. Forum Financial Management LP now owns 15,463 shares of the enterprise software provider’s stock valued at $3,381,000 after buying an additional 2,294 shares in the last quarter. Ethic Inc. lifted its stake in Oracle by 5.3% during the second quarter. Ethic Inc. now owns 196,572 shares of the enterprise software provider’s stock valued at $41,327,000 after buying an additional 9,876 shares in the last quarter. White Lighthouse Investment Management Inc. purchased a new stake in Oracle during the second quarter valued at about $272,000. Meadow Creek Wealth Advisors LLC lifted its stake in Oracle by 2.4% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,812 shares of the enterprise software provider’s stock valued at $615,000 after buying an additional 67 shares in the last quarter. Finally, Greatmark Investment Partners Inc. lifted its stake in Oracle by 17.5% during the second quarter. Greatmark Investment Partners Inc. now owns 6,646 shares of the enterprise software provider’s stock valued at $1,453,000 after buying an additional 991 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Down 0.9%

NYSE:ORCL opened at $272.81 on Thursday. The stock’s 50 day moving average price is $273.18 and its 200 day moving average price is $218.22. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a market capitalization of $777.71 billion, a P/E ratio of 63.15, a P/E/G ratio of 2.96 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 firm had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The company’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. On average, research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle’s dividend payout ratio is currently 46.30%.

Wall Street Analyst Weigh In

A number of analysts have commented on ORCL shares. Cantor Fitzgerald upped their price objective on shares of Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Bank of America raised shares of Oracle from a “neutral” rating to a “buy” rating and upped their price objective for the company from $295.00 to $368.00 in a research note on Wednesday, September 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $320.00 target price on shares of Oracle in a report on Monday. Scotiabank upped their target price on Oracle from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Piper Sandler upped their target price on Oracle from $330.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from 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 Oracle news, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the transaction, the director owned 29,225 shares in the company, valued at $8,443,394.75. This trade represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the transaction, the executive vice president directly owned 18,429 shares in the company, valued at approximately $5,528,700. This represents a 51.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,769 shares of company stock valued at $36,428,967 in the last ninety days. 40.90% of the stock is currently owned by insiders.

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.