Eagle Global Advisors LLC purchased a new position in shares of Oracle Corporation (NYSE:ORCL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,317 shares of the enterprise software provider’s stock, valued at approximately $288,000.
Several other hedge funds have also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC grew its stake in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in Oracle during the 2nd quarter valued at about $34,000. Finally, Graybill Wealth Management LTD. purchased a new stake in Oracle during the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Insider Activity
In related news, Director Rona Alison Fairhead purchased 480 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director directly owned 22,110 shares of the company’s stock, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,092 shares of company stock worth $32,960,165 over the last three months. Company insiders own 42.20% of the company’s stock.
Oracle Price Performance
Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. 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 previous year, the business posted $1.39 earnings per share. Oracle’s revenue for the quarter was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.30%.
Analysts Set New Price Targets
Several analysts recently issued reports on ORCL shares. Rothschild Redb raised shares of Oracle to a “strong sell” rating in a research note on Thursday. JMP Securities reissued a “market outperform” rating and issued a $342.00 price target on shares of Oracle in a research note on Wednesday. Stifel Nicolaus increased their price target on shares of Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. DA Davidson increased their price target on shares of Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Finally, Bank of America raised shares of Oracle from a “neutral” rating to a “buy” rating and increased their price target for the company from $295.00 to $368.00 in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $304.71.
View Our Latest Research Report on ORCL
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.
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