Sierra Summit Advisors LLC Sells 1,641 Shares of Oracle Corporation $ORCL

Sierra Summit Advisors LLC decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 31.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,539 shares of the enterprise software provider’s stock after selling 1,641 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Oracle were worth $774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Providence Wealth Advisors LLC bought a new position in Oracle in the second quarter valued at approximately $180,000. Barings LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $222,000. J. L. Bainbridge & Co. Inc. bought a new position in shares of Oracle in the 2nd quarter worth $296,000. Quantum Private Wealth LLC boosted its position in shares of Oracle by 12.9% in the 2nd quarter. Quantum Private Wealth LLC now owns 4,664 shares of the enterprise software provider’s stock worth $1,020,000 after purchasing an additional 532 shares during the last quarter. Finally, Cynosure Group LLC grew its stake in shares of Oracle by 32.3% during the second quarter. Cynosure Group LLC now owns 3,189 shares of the enterprise software provider’s stock worth $697,000 after purchasing an additional 778 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other news, CEO Clayton M. Magouyrk sold 40,000 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction 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 $42,610,859.20. This represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the transaction, the director owned 151,999 shares of the company’s stock, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 204,254 shares of company stock worth $60,227,807. 40.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Melius Research increased their target price on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Baird R W raised Oracle to a “strong-buy” rating in a research note on Wednesday, October 8th. Piper Sandler increased their price target on shares of Oracle from $330.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. BNP Paribas set a $377.00 price objective on shares of Oracle in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, ten have issued a Hold rating and two have given 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 $322.26.

Oracle Price Performance

NYSE ORCL opened at $198.54 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $566.00 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 2.96 and a beta of 1.51. The business has a 50 day simple moving average of $272.92 and a 200 day simple moving average of $236.17. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.

Oracle (NYSE:ORCL) last announced its quarterly 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the previous year, the firm posted $1.39 EPS. The business’s quarterly 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. Analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, October 9th. Oracle’s dividend 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.