Oracle Corporation $ORCL Shares Sold by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC significantly reduced its stake in Oracle Corporation by 94.7% during the second quarter, now holding just 1,025 shares valued at $224,000.
• Insider transactions included Director Naomi O. Seligman selling 2,222 shares for approximately $642,000 on September 26th, while insider Clayton M. Magouyrk sold 21,241 shares worth around $6.31 million on September 12th.
• Analysts are optimistic, with multiple upgrades; Piper Sandler raised its price target to $380, and the average target across analysts is currently $323.69 with a "Moderate Buy" rating.

Sanders Morris Harris LLC decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 94.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,025 shares of the enterprise software provider's stock after selling 18,460 shares during the quarter. Sanders Morris Harris LLC's holdings in Oracle were worth $224,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. raised its holdings in 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 in the last quarter. Creative Capital Management Investments LLC raised its holdings in Oracle by 5.7% during the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock worth $174,000 after purchasing an additional 43 shares in the last quarter. MFA Wealth Services raised its holdings in Oracle by 1.0% during the second quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider's stock worth $998,000 after purchasing an additional 43 shares in the last quarter. Bogart Wealth LLC raised its holdings in Oracle by 0.4% during the second quarter. Bogart Wealth LLC now owns 11,465 shares of the enterprise software provider's stock worth $2,507,000 after purchasing an additional 43 shares in the last quarter. Finally, Davis Investment Partners LLC raised its holdings in Oracle by 0.7% during the second quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock worth $1,517,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of the 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 sale, the director directly owned 29,225 shares of the company's stock, valued at $8,443,394.75. This trade represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction on 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 sale, the insider directly owned 78,000 shares in the company, valued at $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,769 shares of company stock worth $36,428,967. 40.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Oracle from $330.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday. Sanford C. Bernstein raised their price objective on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. TD Cowen raised their price objective on shares of Oracle from $325.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Melius Research raised their price objective on shares of Oracle from $270.00 to $370.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Stifel Nicolaus raised their target price on shares of Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Three equities research 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $323.69.

Oracle Price Performance

Shares of NYSE ORCL opened at $276.93 on Tuesday. The firm has a market capitalization of $789.47 billion, a P/E ratio of 64.10, a PEG ratio of 3.14 and a beta of 1.53. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company's fifty day moving average is $272.19 and its two-hundred day moving average is $217.44. 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 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 firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared 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 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 currently 46.30%.

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.

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