First National Trust Co increased its holdings in Oracle Corporation (NYSE:ORCL – Free Report) by 1.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 60,763 shares of the enterprise software provider’s stock after buying an additional 1,007 shares during the period. First National Trust Co’s holdings in Oracle were worth $13,285,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ORCL. LGT Financial Advisors LLC bought a new position in shares of Oracle during the second quarter worth about $33,000. Legend Financial Advisors Inc. bought a new position in shares of Oracle during the second quarter worth about $34,000. HighMark Wealth Management LLC bought a new position in Oracle in the 2nd quarter worth about $38,000. Moser Wealth Advisors LLC grew its position in Oracle by 1,770.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock worth $41,000 after purchasing an additional 177 shares during the last quarter. Finally, Orion Capital Management LLC grew its position in Oracle by 32.2% in the 2nd quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider’s stock worth $42,000 after purchasing an additional 47 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the transaction, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the transaction, the director owned 17,764 shares in the company, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 170,769 shares of company stock worth $50,297,667 over the last ninety days. 40.90% of the stock is currently owned by corporate insiders.
Oracle Stock 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 (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the prior year, the company posted $1.39 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were issued a $0.50 dividend. The ex-dividend date was Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle’s dividend payout ratio is currently 46.30%.
Wall Street Analyst Weigh In
ORCL has been the subject of a number of recent analyst reports. Mizuho increased their price objective on Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Wolfe Research increased their price target on Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Rothschild & Co Redburn assumed coverage on Oracle in a research note on Thursday, September 25th. They issued a “sell” rating and a $175.00 price target for the company. William Blair reissued an “outperform” rating on shares of Oracle in a research note on Friday, October 17th. Finally, BMO Capital Markets set a $355.00 target price on shares of Oracle and gave the company an “outperform” rating in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.
Read Our Latest Research Report on ORCL
Oracle Company 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.
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