Canvas Wealth Advisors LLC Sells 1,503 Shares of Oracle Corporation $ORCL

Canvas Wealth Advisors LLC reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 25.9% in the 2nd quarter, Holdings Channel reports. The firm owned 4,305 shares of the enterprise software provider’s stock after selling 1,503 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Oracle were worth $941,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC increased its position in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after buying an additional 151 shares during the period. Legend Financial Advisors Inc. acquired a new stake in shares of Oracle during the second quarter worth $34,000. Finally, HighMark Wealth Management LLC bought a new position in Oracle during the second quarter worth $38,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ORCL shares. Jefferies Financial Group upped their price target on shares of Oracle from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Bank of America upgraded Oracle from a “neutral” rating to a “buy” rating and upped their target price for the company from $295.00 to $368.00 in a research report on Wednesday, September 10th. Rothschild & Co Redburn initiated coverage on Oracle in a report on Thursday, September 25th. They issued a “sell” rating and a $175.00 target price for the company. Melius Research boosted their price target on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, UBS Group raised their price objective on shares of Oracle from $360.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.40.

Insider Buying and Selling

In related news, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 132,656 shares of the company’s stock, valued at $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,222 shares of the company’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director directly owned 29,225 shares of the company’s stock, valued at $8,443,394.75. The trade was a 7.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,769 shares of company stock valued at $36,428,967 over the last 90 days. 40.90% of the stock is currently owned by company insiders.

Oracle Trading Down 6.7%

NYSE ORCL opened at $291.95 on Monday. 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 Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a market cap of $832.28 billion, a price-to-earnings ratio of 67.58, a P/E/G ratio of 3.14 and a beta of 1.53. The business has a 50 day moving average price of $271.71 and a 200-day moving average price of $216.40.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter last year, the firm posted $1.39 EPS. Oracle’s revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal 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 paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio is presently 46.30%.

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.