Parsons Capital Management Inc. RI Lowers Position in Oracle Corporation $ORCL

Parsons Capital Management Inc. RI decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 9.5% during the second quarter, HoldingsChannel reports. The firm owned 116,079 shares of the enterprise software provider’s stock after selling 12,199 shares during the period. Oracle comprises 1.6% of Parsons Capital Management Inc. RI’s portfolio, making the stock its 11th largest holding. Parsons Capital Management Inc. RI’s holdings in Oracle were worth $25,378,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. boosted its position in Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after acquiring an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its stake in shares of Oracle by 4.3% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock worth $7,179,000 after purchasing an additional 2,110 shares during the last quarter. Lockerman Financial Group Inc. purchased a new stake in shares of Oracle during the second quarter valued at about $328,000. Elser Financial Planning Inc purchased a new position in shares of Oracle in the 2nd quarter worth approximately $1,066,000. Finally, Canoe Financial LP lifted its position in Oracle by 314.8% during the second quarter. Canoe Financial LP now owns 484,098 shares of the enterprise software provider’s stock valued at $105,838,000 after acquiring an additional 367,400 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 3.0%

NYSE:ORCL opened at $289.68 on Thursday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company’s fifty day moving average price is $260.78 and its 200-day moving average price is $203.24. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The firm has a market capitalization of $825.83 billion, a P/E ratio of 67.06, a PEG ratio of 3.03 and a beta of 1.53.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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 given 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%.

Insider Buying and Selling

In other news, Director Rona Alison Fairhead bought 480 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The stock was 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 in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock valued at $31,272,223 in the last three months. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 12th. UBS Group set a $364.00 price target on Oracle in a report on Friday, September 26th. KeyCorp boosted their price target on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. Berenberg Bank increased their price objective on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research report on Monday, September 15th. Finally, Guggenheim lifted their target price on shares of Oracle from $250.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $304.71.

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.