SouthState Corp Acquires 8,720 Shares of Oracle Corporation $ORCL

SouthState Corp increased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 5.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 182,048 shares of the enterprise software provider’s stock after purchasing an additional 8,720 shares during the quarter. Oracle accounts for 1.7% of SouthState Corp’s portfolio, making the stock its 11th biggest position. SouthState Corp’s holdings in Oracle were worth $39,801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Iron Horse Wealth Management LLC raised its stake 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 last quarter. LGT Financial Advisors LLC bought a new stake in shares of Oracle during the second quarter worth approximately $33,000. Legend Financial Advisors Inc. bought a new stake in shares of Oracle during the second quarter worth approximately $34,000. HighMark Wealth Management LLC bought a new stake in shares of Oracle during the second quarter worth approximately $38,000. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Oracle during the first quarter worth approximately $39,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director owned 151,999 shares in the company, valued at approximately $43,018,756.98. This represents a 24.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $5,927,400.00. Following the transaction, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 204,254 shares of company stock valued at $60,227,807 in the last three months. 40.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Oracle in a research note on Friday, October 17th. Morgan Stanley upped their target price on shares of Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 23rd. Guggenheim upped their target price on shares of Oracle from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, October 17th. BMO Capital Markets set a $355.00 target price on shares of Oracle and gave the company an “outperform” rating in a research note on Monday, October 13th. Finally, Berenberg Bank upped their target price on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research note on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.69.

Oracle Stock Up 0.8%

Oracle stock opened at $250.26 on Thursday. The stock has a market capitalization of $713.44 billion, a PE ratio of 57.93, a price-to-earnings-growth ratio of 2.96 and a beta of 1.53. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a 50 day moving average of $278.97 and a 200-day moving average of $228.97.

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

Oracle Dividend Announcement

The firm 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 was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s dividend payout ratio is presently 46.30%.

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.