Harvest Portfolios Group Inc. Buys 123,736 Shares of Oracle Corporation $ORCL

Harvest Portfolios Group Inc. raised its stake in Oracle Corporation (NYSE:ORCL) by 79.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,385 shares of the enterprise software provider’s stock after buying an additional 123,736 shares during the period. Oracle accounts for 1.4% of Harvest Portfolios Group Inc.’s holdings, making the stock its 14th largest holding. Harvest Portfolios Group Inc.’s holdings in Oracle were worth $61,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. Northern Trust Corp raised its position in Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock valued at $2,760,048,000 after purchasing an additional 120,889 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock valued at $1,941,195,000 after purchasing an additional 59,164 shares in the last quarter. Amundi grew its holdings in shares of Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider’s stock worth $1,749,280,000 after purchasing an additional 409,691 shares during the last quarter. Finally, Polen Capital Management LLC grew its holdings in shares of Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider’s stock worth $1,762,878,000 after purchasing an additional 1,885,370 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 2.5%

Shares of NYSE:ORCL opened at $244.02 on Friday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The business’s 50-day moving average is $279.05 and its 200-day moving average is $229.07. The company has a market capitalization of $695.65 billion, a price-to-earnings ratio of 56.49, a P/E/G ratio of 2.96 and a beta of 1.51.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $1.39 EPS. The company’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. Equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, October 9th. Oracle’s payout ratio is presently 46.30%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the sale, the director directly owned 151,999 shares in the company, valued at approximately $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the company’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 owned 132,656 shares in the company, valued at $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 204,254 shares of company stock valued at $60,227,807 over the last 90 days. Insiders own 40.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORCL. Scotiabank lifted their target price on shares of Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Citigroup reiterated a “buy” rating on shares of Oracle in a report on Friday, October 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $320.00 price objective on shares of Oracle in a research note on Monday, October 20th. Rothschild Redb raised Oracle to a “strong sell” rating in a research report on Thursday, September 25th. Finally, Stifel Nicolaus upped their price target on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.69.

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.