TRUE Private Wealth Advisors grew its holdings in Oracle Corporation (NYSE:ORCL – Free Report) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,354 shares of the enterprise software provider’s stock after purchasing an additional 321 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Oracle were worth $515,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the business. Kingdom Financial Group LLC. acquired a new stake in Oracle in the 2nd quarter valued at about $223,000. Brown Wealth Management LLC acquired a new position in Oracle during the 2nd quarter worth $304,000. FineMark National Bank & Trust boosted its position in Oracle by 1.1% in the 2nd quarter. FineMark National Bank & Trust now owns 102,500 shares of the enterprise software provider’s stock valued at $22,410,000 after buying an additional 1,108 shares during the last quarter. Copperleaf Capital LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $258,000. Finally, Primecap Management Co. CA lifted its stake in shares of Oracle by 3.8% during the second quarter. Primecap Management Co. CA now owns 11,182,800 shares of the enterprise software provider’s stock valued at $2,444,896,000 after acquiring an additional 405,525 shares during the period. 42.44% of the stock is owned by institutional investors.
Insider Buying and Selling at Oracle
In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the transaction, the director owned 151,999 shares in the company, valued at approximately $43,018,756.98. This represents a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value 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. This trade represents a 20.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 204,254 shares of company stock worth $60,227,807 in the last quarter. Company insiders own 40.90% of the company’s stock.
Oracle Trading Down 1.2%
Oracle (NYSE:ORCL – Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were paid a $0.50 dividend. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Oracle’s dividend payout ratio (DPR) is currently 46.30%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ORCL. TD Cowen raised their price objective on shares of Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Barclays raised their price target on Oracle from $367.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Stephens increased their target price on Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Bank of America raised shares of Oracle from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $368.00 in a research report on Wednesday, September 10th. Finally, Scotiabank increased their target price on Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $322.26.
Check Out Our Latest Report on ORCL
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.
Featured Articles
- Five stocks we like better than Oracle
- What is a Secondary Public Offering? What Investors Need to Know
- Healthcare Rotation Underway: 3 Stocks Leading the Charge
- How to Invest in the FAANG Stocks
- Medtronic Stock Finds Its Footing—Now It’s Gaining Momentum
- Canadian Penny Stocks: Can They Make You Rich?
- What’s on the Thanksgiving Table? A Stock Pick for Every Course
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.
