Sanctuary Advisors LLC lessened its holdings in Oracle Corporation (NYSE:ORCL – Free Report) by 24.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 272,688 shares of the enterprise software provider’s stock after selling 87,411 shares during the period. Sanctuary Advisors LLC’s holdings in Oracle were worth $40,115,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of ORCL. FSA Wealth Management LLC bought a new stake in Oracle during the third quarter worth $28,000. Mpwm Advisory Solutions LLC grew its stake in Oracle by 76.9% in the 3rd quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of Oracle during the 3rd quarter valued at $35,000. HFM Investment Advisors LLC increased its position in shares of Oracle by 290.9% during the 4th quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider’s stock valued at $25,000 after purchasing an additional 96 shares during the last quarter. Finally, Basepoint Wealth LLC bought a new stake in shares of Oracle during the 4th quarter worth $26,000. 42.44% of the stock is owned by institutional investors.
Oracle Trading Down 2.7%
Shares of ORCL opened at $127.96 on Wednesday. Oracle Corporation has a fifty-two week low of $127.60 and a fifty-two week high of $345.72. The business has a 50-day moving average of $181.33 and a 200 day moving average of $170.74. The firm has a market cap of $368.58 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 0.83 and a beta of 1.72. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.12 and a current ratio of 1.12.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, July 10th. Oracle’s dividend payout ratio is presently 34.31%.
Insider Activity at Oracle
In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $159.16, for a total value of $63,664,000.00. Following the completion of the transaction, the insider directly owned 400,000 shares of the company’s stock, valued at approximately $63,664,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Stuart Levey sold 15,000 shares of Oracle stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 3,429 shares of the company’s stock, valued at $604,155.51. This represents a 81.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.90% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on ORCL shares. Barclays boosted their price target on shares of Oracle from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Sanford C. Bernstein lifted their price objective on shares of Oracle from $319.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Wedbush lowered their price objective on shares of Oracle from $275.00 to $240.00 and set an “outperform” rating on the stock in a research report on Thursday, June 11th. Evercore reiterated an “outperform” rating and issued a $245.00 target price on shares of Oracle in a research note on Monday, June 8th. Finally, Piper Sandler increased their target price on shares of Oracle from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $268.27.
View Our Latest Analysis on Oracle
Key Stories Impacting Oracle
Here are the key news stories impacting Oracle this week:
- Positive Sentiment: Oracle introduced a new AI-native builder for Fusion Applications, combining no-code and pro-code tools to help customers and developers create and run agentic applications inside Oracle Fusion Cloud. Oracle Introduces AI-Native Builder Experience to Create and Run Agentic Applications in Oracle Fusion Applications
- Positive Sentiment: Oracle also announced additional OPERA Cloud Central integrations for Loews Hotels and a retail pricing optimization win with Bealls, showing continued traction across hospitality and retail customers. Oracle OPERA Cloud Central Implements Additional Systems to Further Loews Hotels Delivery of Exceptional Guest Experiences Retailer Bealls Inc. Increases Clearance Sales Dollars by 25% With Oracle
- Neutral Sentiment: Oracle is due to pay its quarterly dividend next week, which supports income-oriented investors but is unlikely to change the stock’s near-term direction by itself. Oracle to pay dividends next week; Here’s how much 100 ORCL shares will earn
About Oracle
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.
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