Oracle Corporation $ORCL Shares Purchased by 1ST Source Bank

1ST Source Bank raised its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,640 shares of the enterprise software provider’s stock after buying an additional 228 shares during the quarter. Oracle comprises about 0.6% of 1ST Source Bank’s investment portfolio, making the stock its 24th biggest position. 1ST Source Bank’s holdings in Oracle were worth $9,978,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Iron Horse Wealth Management LLC lifted its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Oracle during the second quarter worth about $33,000. Legend Financial Advisors Inc. acquired a new position in shares of Oracle in the second quarter valued at approximately $34,000. HighMark Wealth Management LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $38,000. Finally, Graybill Wealth Management LTD. acquired a new stake in Oracle during the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, Director William G. Parrett sold 11,500 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the sale, the director owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the transaction, the executive vice president directly owned 18,429 shares in the company, valued at approximately $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $310.00 price target on shares of Oracle in a report on Friday, October 17th. Rothschild & Co Redburn initiated coverage on Oracle in a research report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price objective for the company. Cantor Fitzgerald upped their target price on Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Guggenheim raised their price target on Oracle from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Stifel Nicolaus lifted their price target on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Oracle Trading Down 1.9%

ORCL opened at $239.15 on Friday. The firm’s 50 day moving average is $279.32 and its 200-day moving average is $230.60. Oracle Corporation has a 52-week low of $118.86 and a 52-week 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 firm has a market capitalization of $681.77 billion, a P/E ratio of 55.36, a P/E/G ratio of 2.96 and a beta of 1.51.

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 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 firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the business posted $1.39 earnings per share. Oracle’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. Analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a $0.50 dividend. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle’s payout ratio is 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.