1,410 Shares in Oracle Corporation $ORCL Acquired by Coerente Capital Management

Key Points

• Coerente Capital Management acquired 1,410 shares of Oracle Corporation valued at approximately $308,000 during the 2nd quarter, as reported in its Form 13F filing with the SEC.
• Insider sales reflect a decrease in ownership, with Michael D. Sicilia selling 33,845 shares valued over $10 million, indicating significant transactions among Oracle's leadership.
• Analysts are optimistic about Oracle's growth, with price targets being raised, including Barclays setting a new target at $281.00, and Mizuho predicting a price target of $350.00.

Coerente Capital Management purchased a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,410 shares of the enterprise software provider's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC raised its position in shares of 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. Legend Financial Advisors Inc. acquired a new position in shares of Oracle in the 2nd quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Oracle in the 2nd quarter valued at approximately $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the transaction, the insider owned 132,656 shares of the company's stock, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,314 shares of company stock worth $31,272,223. 40.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ORCL. Barclays upped their target price on Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Mizuho upped their price target on Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Finally, Cantor Fitzgerald upped their price target on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $306.43.

Oracle Price Performance

Shares of ORCL opened at $296.95 on Friday. The company has a market cap of $846.54 billion, a P/E ratio of 68.74, a PEG ratio of 3.11 and a beta of 1.53. The stock has a fifty day moving average price of $265.72 and a 200 day moving average price of $208.90. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last issued 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). The company had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.Oracle's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's dividend payout ratio is presently 46.30%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.