Deroy & Devereaux Private Investment Counsel Inc. Sells 57,457 Shares of Oracle Corporation $ORCL

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. reduced its Oracle Corporation holdings by 29.8%, selling 57,457 shares in the second quarter, leaving them with 135,262 shares valued at approximately $29,572,000.
• Insiders, including Michael D. Sicilia and Naomi O. Seligman, sold a total of 120,769 shares of Oracle stock worth about $36.4 million in the last three months.
• Analysts have updated price targets for Oracle, with Robert W. Baird setting an "outperform" rating and a target price of $365.00, while the stock currently has a consensus rating of "Moderate Buy."

Deroy & Devereaux Private Investment Counsel Inc. cut its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,262 shares of the enterprise software provider's stock after selling 57,457 shares during the period. Oracle makes up 1.6% of Deroy & Devereaux Private Investment Counsel Inc.'s holdings, making the stock its 21st biggest holding. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Oracle were worth $29,572,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Dock Street Asset Management Inc. increased its holdings in Oracle by 1.4% during the 2nd quarter. Dock Street Asset Management Inc. now owns 132,098 shares of the enterprise software provider's stock worth $28,881,000 after purchasing an additional 1,808 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Oracle by 3.9% in the second quarter. Ritholtz Wealth Management now owns 74,675 shares of the enterprise software provider's stock valued at $16,326,000 after purchasing an additional 2,794 shares in the last quarter. SFG Wealth Management LLC. purchased a new position in shares of Oracle during the second quarter valued at approximately $225,000. Triton Wealth Management PLLC bought a new stake in Oracle during the second quarter worth $1,379,000. Finally, Sterling Financial Planning Inc. purchased a new stake in Oracle in the 2nd quarter valued at $303,000. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the business's stock in a transaction on 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 sale, the insider owned 132,656 shares of the company's stock, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,222 shares of the firm's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the transaction, the director directly owned 29,225 shares of the company's stock, valued at $8,443,394.75. The trade was a 7.07% 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 three months. Insiders own 40.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ORCL shares. Robert W. Baird assumed coverage on shares of Oracle in a report on Wednesday, October 8th. They set an "outperform" rating and a $365.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. TD Cowen upped their price objective on shares of Oracle from $325.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Sanford C. Bernstein lifted their target price on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. Finally, Rothschild Redb upgraded Oracle to a "strong sell" rating in a research note on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average target price of $307.00.

Oracle Stock Down 2.8%

ORCL stock opened at $299.33 on Wednesday. The stock has a fifty day moving average of $268.67 and a 200-day moving average of $212.52. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a market capitalization of $853.32 billion, a price-to-earnings ratio of 69.29, a PEG ratio of 3.31 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

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

Oracle Announces Dividend

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