Oracle Corporation $ORCL Shares Sold by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC reduced its position in Oracle Corporation by 69.2% in Q2, now holding 1,864 shares valued at $408,000.
• Multiple hedge funds have made significant adjustments to their stakes in Oracle, with Canoe Financial LP increasing its holdings by 314.8% during the same period.
• Analysts have set a consensus price target of $304.71 for Oracle shares, with ratings ranging from "Strong Buy" to "Sell" from various investment firms.

Fortis Capital Advisors LLC reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 69.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,864 shares of the enterprise software provider's stock after selling 4,184 shares during the period. Fortis Capital Advisors LLC's holdings in Oracle were worth $408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after acquiring an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. grew its stake in Oracle by 4.3% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after acquiring an additional 2,110 shares during the period. Lockerman Financial Group Inc. purchased a new stake in shares of Oracle during the 2nd quarter valued at $328,000. Elser Financial Planning Inc purchased a new stake in shares of Oracle during the 2nd quarter valued at $1,066,000. Finally, Canoe Financial LP grew its stake in shares of Oracle by 314.8% during the 2nd quarter. Canoe Financial LP now owns 484,098 shares of the enterprise software provider's stock valued at $105,838,000 after buying an additional 367,400 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. Berenberg Bank boosted their price objective on shares of Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a research note on Monday, September 15th. Citigroup reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, September 10th. UBS Group set a $364.00 price objective on shares of Oracle in a research note on Friday, September 26th. JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Finally, William Blair reaffirmed an "outperform" rating on shares of Oracle in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $304.71.

Oracle Stock Performance

NYSE:ORCL opened at $286.23 on Friday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The stock has a market cap of $815.99 billion, a P/E ratio of 66.26, a PEG ratio of 3.08 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. The firm has a 50-day moving average of $262.53 and a two-hundred day moving average of $205.48.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $15.04 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm's revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is 46.30%.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the sale, the insider owned 78,000 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of the company's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director owned 29,225 shares in the company, valued at approximately $8,443,394.75. This trade represents a 7.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock worth $31,272,223 over the last quarter. Corporate insiders own 42.20% of the company's stock.

Oracle 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.