Centerpoint Advisors LLC Cuts Stake in Oracle Corporation $ORCL

Centerpoint Advisors LLC lowered its position in shares of Oracle Corporation (NYSE:ORCL) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,612 shares of the enterprise software provider’s stock after selling 100 shares during the period. Oracle comprises approximately 0.5% of Centerpoint Advisors LLC’s holdings, making the stock its 27th largest holding. Centerpoint Advisors LLC’s holdings in Oracle were worth $1,446,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Reyes Financial Architecture Inc. lifted its position in shares of Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock valued at $141,000 after buying an additional 43 shares during the last quarter. Creative Capital Management Investments LLC lifted its position in shares of Oracle by 5.7% during the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after buying an additional 43 shares during the last quarter. MFA Wealth Services lifted its position in shares of Oracle by 1.0% during the second quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider’s stock valued at $998,000 after buying an additional 43 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of Oracle by 0.4% during the second quarter. Bogart Wealth LLC now owns 11,465 shares of the enterprise software provider’s stock valued at $2,507,000 after buying an additional 43 shares during the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in shares of Oracle by 1.9% during the second quarter. Washington Trust Advisors Inc. now owns 2,385 shares of the enterprise software provider’s stock valued at $521,000 after buying an additional 44 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total value of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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. Over the last three months, insiders have sold 170,769 shares of company stock valued at $50,297,667. 40.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley increased their price target on shares of Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 23rd. Citigroup reissued a “buy” rating on shares of Oracle in a report on Friday, October 10th. Robert W. Baird assumed coverage on shares of Oracle in a report on Wednesday, October 8th. They set an “outperform” rating and a $365.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $342.00 price objective on shares of Oracle in a research report on Friday, October 17th. Finally, Cantor Fitzgerald lifted their target price on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

Oracle Trading Down 0.7%

Oracle stock opened at $281.25 on Tuesday. 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 capitalization of $801.78 billion, a price-to-earnings ratio of 65.10, a price-to-earnings-growth ratio of 3.04 and a beta of 1.53. The stock has a 50-day moving average price of $275.24 and a 200 day moving average price of $222.60.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was 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 46.30%.

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.