Patten Group Inc. Lowers Position in Oracle Corporation $ORCL

Patten Group Inc. cut its stake in Oracle Corporation (NYSE:ORCL) by 19.7% in the 2nd quarter, Holdings Channel reports. The fund owned 7,612 shares of the enterprise software provider’s stock after selling 1,863 shares during the quarter. Patten Group Inc.’s holdings in Oracle were worth $1,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new position in Oracle in the first quarter worth $27,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after acquiring an additional 151 shares in the last quarter. LGT Financial Advisors LLC purchased a new position in Oracle in the second quarter worth $33,000. Legend Financial Advisors Inc. purchased a new position in Oracle in the second quarter worth $34,000. Finally, HighMark Wealth Management LLC purchased a new stake in Oracle during the second quarter valued at about $38,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

ORCL stock opened at $275.12 on Wednesday. The stock has a market capitalization of $784.31 billion, a PE ratio of 63.69, a price-to-earnings-growth ratio of 2.97 and a beta of 1.53. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock’s 50 day simple moving average is $272.62 and its 200 day simple moving average is $217.84. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72.

Oracle (NYSE:ORCL) last announced 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 company had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio is 46.30%.

Insiders Place Their Bets

In other Oracle news, EVP Stuart Levey sold 19,758 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the sale, the executive vice president owned 18,429 shares in the company, valued at approximately $5,528,700. This represents a 51.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the sale, the director owned 17,764 shares of the company’s stock, valued at $5,435,784. The trade was a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,769 shares of company stock worth $36,428,967 in the last three months. 40.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $310.00 target price on shares of Oracle in a report on Friday, October 17th. Cantor Fitzgerald increased their target price on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Scotiabank increased their price target on shares of Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday. Sanford C. Bernstein increased their price target on shares of Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Finally, UBS Group increased their price target on shares of Oracle from $360.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday. Three investment 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 given a Sell rating to the stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $323.69.

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.