Oracle Corporation $ORCL Shares Bought by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its stake in Oracle Corporation by 22.2% during the 2nd quarter, owning a total of 86,565 shares valued at approximately $18.9 million.
• Recent insider transactions revealed that Stuart Levey sold 19,758 shares for around $5.93 million, representing a 51.74% decrease in his ownership of the stock.
• Oracle's latest quarterly earnings report showed a 12.2% year-over-year revenue growth despite missing analysts' expectations with an EPS of $1.47.

First Citizens Bank & Trust Co. raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 22.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,565 shares of the enterprise software provider's stock after purchasing an additional 15,712 shares during the period. First Citizens Bank & Trust Co.'s holdings in Oracle were worth $18,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LGT Financial Advisors LLC acquired a new stake in Oracle in the 2nd quarter worth about $33,000. Legend Financial Advisors Inc. purchased a new position in shares of Oracle in the second quarter valued at approximately $34,000. HighMark Wealth Management LLC acquired a new stake in shares of Oracle in the second quarter worth approximately $38,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the first quarter worth approximately $27,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, EVP Stuart Levey sold 19,758 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 18,429 shares of the company's stock, valued at $5,528,700. This represents a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider directly owned 132,656 shares of the company's stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,769 shares of company stock worth $36,428,967 in the last 90 days. Insiders own 40.90% of the company's stock.

Oracle Stock Performance

Oracle stock opened at $272.81 on Thursday. The firm has a 50 day simple moving average of $273.18 and a 200-day simple moving average of $218.22. The stock has a market cap of $777.71 billion, a price-to-earnings ratio of 63.15, a price-to-earnings-growth ratio of 2.96 and a beta of 1.53. 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.

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 analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, analysts expect that Oracle Corporation will post 5 EPS 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is presently 46.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORCL. Evercore ISI raised their price objective on Oracle from $350.00 to $385.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Piper Sandler increased their target price on shares of Oracle from $330.00 to $380.00 and gave the company an "overweight" rating in a research report on Friday, October 17th. JMP Securities restated a "market outperform" rating and set a $342.00 price target on shares of Oracle in a research report on Friday, October 17th. Cantor Fitzgerald increased their price objective on shares of Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Finally, Sanford C. Bernstein raised their target price on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $323.69.

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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