Fortitude Advisory Group L.L.C. Has $1.36 Million Holdings in Oracle Corporation $ORCL

Fortitude Advisory Group L.L.C. lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 6.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,223 shares of the enterprise software provider’s stock after purchasing an additional 395 shares during the quarter. Oracle accounts for approximately 0.8% of Fortitude Advisory Group L.L.C.’s investment portfolio, making the stock its 22nd largest holding. Fortitude Advisory Group L.L.C.’s holdings in Oracle were worth $1,360,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. IVC Wealth Advisors LLC acquired a new stake in Oracle in the 2nd quarter valued at $291,000. Beacon Financial Advisory LLC boosted its stake in Oracle by 24.9% in the 2nd quarter. Beacon Financial Advisory LLC now owns 5,974 shares of the enterprise software provider’s stock valued at $1,306,000 after buying an additional 1,191 shares in the last quarter. Gemmer Asset Management LLC boosted its stake in Oracle by 5.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 8,043 shares of the enterprise software provider’s stock valued at $1,758,000 after buying an additional 408 shares in the last quarter. Simplicity Wealth LLC boosted its stake in Oracle by 92.1% in the 2nd quarter. Simplicity Wealth LLC now owns 49,358 shares of the enterprise software provider’s stock valued at $10,791,000 after buying an additional 23,668 shares in the last quarter. Finally, OLD National Bancorp IN boosted its stake in Oracle by 132.4% in the 2nd quarter. OLD National Bancorp IN now owns 67,683 shares of the enterprise software provider’s stock valued at $14,798,000 after buying an additional 38,560 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Berenberg Bank boosted their price target on Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research note on Monday, September 15th. Royal Bank Of Canada boosted their price target on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. DA Davidson boosted their price target on Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Redburn Partners set a $175.00 price target on Oracle in a research note on Thursday, September 25th. Finally, UBS Group set a $364.00 price target on Oracle in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $304.71.

Oracle Trading Down 0.9%

ORCL stock opened at $286.23 on Friday. The company has a market cap of $815.99 billion, a P/E ratio of 66.26, a PEG ratio of 3.08 and a beta of 1.53. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The business has a fifty day moving average of $262.53 and a 200-day moving average of $205.48.

Oracle (NYSE:ORCL) last released its earnings results 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). The firm 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 company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Insider Activity at Oracle

In other news, insider Michael D. Sicilia sold 33,845 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,222 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the sale, the director owned 29,225 shares of the company’s stock, valued at $8,443,394.75. This represents a 7.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock valued at $31,272,223 over the last quarter. 42.20% of the stock is currently owned by corporate 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.