Canvas Wealth Advisors LLC Has $941,000 Stock Holdings in Oracle Corporation $ORCL

Key Points

• Canvas Wealth Advisors LLC reduced its holdings in Oracle Corporation by 25.9%, ending the 2nd quarter with a value of $941,000 in shares.
• Oracle's stock experienced a 6.7% decline recently, with analysts giving it a "Moderate Buy" rating and a consensus price target of $323.40.
• Insider sales included significant transactions, with one insider selling 21,241 shares worth approximately $6.3 million and another selling 33,845 shares for about $10.9 million.

Canvas Wealth Advisors LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 25.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,305 shares of the enterprise software provider's stock after selling 1,503 shares during the period. Canvas Wealth Advisors LLC's holdings in Oracle were worth $941,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ORCL. Brighton Jones LLC increased its position in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Oracle by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 34,011 shares of the enterprise software provider's stock worth $4,755,000 after purchasing an additional 2,546 shares in the last quarter. Advisor Resource Council bought a new position in shares of Oracle during the first quarter worth approximately $328,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter valued at approximately $28,000. Institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald increased their price target on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Mizuho upped their target price on Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. BNP Paribas set a $377.00 price target on Oracle in a research report on Wednesday, September 10th. Citigroup reaffirmed a "buy" rating on shares of Oracle in a research report on Friday, October 10th. Finally, Scotiabank raised their target price on shares of Oracle from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $323.40.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,769 shares of company stock worth $36,428,967 in the last ninety days. Insiders own 40.90% of the company's stock.

Oracle Stock Down 6.7%

Shares of NYSE ORCL opened at $291.95 on Monday. The company has a market cap of $832.28 billion, a price-to-earnings ratio of 67.58, a PEG ratio of 3.14 and a beta of 1.53. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The stock has a 50-day moving average price of $271.71 and a two-hundred day moving average price of $216.40.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 21.08% and a return on equity of 72.93%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

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