Spirit of America Management Corp NY Boosts Stake in Oracle Corporation $ORCL

Spirit of America Management Corp NY raised its stake in shares of Oracle Corporation (NYSE:ORCL) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,425 shares of the enterprise software provider’s stock after purchasing an additional 450 shares during the period. Oracle accounts for about 1.3% of Spirit of America Management Corp NY’s portfolio, making the stock its 20th biggest position. Spirit of America Management Corp NY’s holdings in Oracle were worth $6,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares during the period. Legend Financial Advisors Inc. purchased a new stake in Oracle during the second quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC purchased a new stake in Oracle during the second quarter valued at approximately $38,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Down 6.7%

Shares of NYSE:ORCL opened at $291.95 on Friday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market cap of $832.28 billion, a P/E ratio of 67.58, a price-to-earnings-growth ratio of 3.37 and a beta of 1.53. The business’s 50 day moving average is $271.71 and its 200 day moving average is $215.37. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL) last announced its earnings results 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). The company had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders 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 of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is 46.30%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent research reports. Guggenheim upped their price objective on Oracle from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Baird R W raised Oracle to a “strong-buy” rating in a research note on Wednesday, October 8th. Piper Sandler increased their price target on Oracle from $330.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen increased their price target on Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, Melius Research increased their price target on Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $323.40.

Insider Buying and Selling at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the 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 sale, the insider owned 132,656 shares of the company’s stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction on Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the sale, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. This trade represents a 7.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,769 shares of company stock worth $36,428,967. 40.90% of the stock is currently owned by company insiders.

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.