Signet Investment Advisory Group Inc. reduced its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,758 shares of the enterprise software provider’s stock after selling 175 shares during the period. Oracle comprises approximately 2.3% of Signet Investment Advisory Group Inc.’s holdings, making the stock its 16th largest holding. Signet Investment Advisory Group Inc.’s holdings in Oracle were worth $4,538,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new position in Oracle during the 1st quarter worth $27,000. Iron Horse Wealth Management LLC grew its stake in Oracle by 284.9% during the 1st 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 last quarter. LGT Financial Advisors LLC bought a new position in Oracle during the 2nd quarter worth $33,000. Legend Financial Advisors Inc. bought a new position in Oracle during the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC bought a new position in Oracle during the 2nd quarter worth $38,000. 42.44% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Sanford C. Bernstein increased their price target on Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. JMP Securities reissued a “market outperform” rating and issued a $342.00 price target on shares of Oracle in a research note on Friday, October 17th. Evercore ISI increased their price target on Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. raised their target price on Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Finally, BNP Paribas set a $377.00 target price on Oracle in a research note on Wednesday, September 10th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.69.
Oracle Stock Down 0.7%
Shares of Oracle stock opened at $281.25 on Tuesday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a market cap of $801.78 billion, a P/E ratio of 65.10, a P/E/G ratio of 3.04 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 has a 50-day moving average price of $275.24 and a 200 day moving average price of $222.60.
Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, October 9th. Oracle’s payout ratio is currently 46.30%.
Insider Buying and Selling at Oracle
In other news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction dated 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 completion of the sale, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the sale, the chief executive officer owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. This represents a 20.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 170,769 shares of company stock worth $50,297,667 over the last quarter. Insiders own 40.90% of the company’s stock.
Oracle 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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