Eastern Bank Decreases Stock Holdings in Oracle Corporation $ORCL

Key Points

• Eastern Bank has reduced its stock holdings in Oracle Corporation by 1.3%, owning 359,527 shares valued at approximately $78.6 million, making it the 18th largest position in its investment portfolio.
• Several hedge funds have increased their stakes in Oracle, indicating ongoing interest from institutional investors, who collectively own over 42% of the company's stock.
• Oracle has recently declared a quarterly dividend of $0.50 per share, with a yield of 0.7%, and plans to pay it on October 23rd.

Eastern Bank decreased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,527 shares of the enterprise software provider's stock after selling 4,726 shares during the quarter. Oracle comprises about 1.5% of Eastern Bank's investment portfolio, making the stock its 18th largest position. Eastern Bank's holdings in Oracle were worth $78,603,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Reyes Financial Architecture Inc. raised its stake in shares of Oracle by 7.2% in the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock valued at $141,000 after acquiring an additional 43 shares during the period. Creative Capital Management Investments LLC raised its stake in shares of Oracle by 5.7% in the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock valued at $174,000 after acquiring an additional 43 shares during the period. MFA Wealth Services raised its stake in shares of Oracle by 1.0% in the second quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider's stock valued at $998,000 after acquiring an additional 43 shares during the period. Davis Investment Partners LLC raised its stake in shares of Oracle by 0.7% in the second quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock valued at $1,517,000 after acquiring an additional 46 shares during the period. Finally, Acropolis Investment Management LLC raised its stake in shares of Oracle by 2.6% in the second quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider's stock valued at $404,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ORCL shares. BNP Paribas set a $377.00 target price on shares of Oracle in a research note on Wednesday, September 10th. TD Cowen increased their target price on shares of Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Citigroup reissued a "buy" rating on shares of Oracle in a research note on Friday. Weiss Ratings upgraded shares of Oracle from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $306.71.

Oracle Stock Down 1.3%

Shares of Oracle stock opened at $293.04 on Friday. 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 1 year low of $118.86 and a 1 year high of $345.72. The firm's 50-day moving average is $266.69 and its two-hundred day moving average is $209.86. The stock has a market cap of $835.40 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.20 and a beta of 1.53.

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

Oracle Dividend Announcement

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

Insider Activity at Oracle

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were 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 of the company's stock, valued at $23,174,580. This trade represents a 21.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,314 shares of company stock valued at $31,272,223. Company insiders own 40.90% of the company's stock.

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.

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