EverSource Wealth Advisors LLC Sells 2,824 Shares of Oracle Corporation $ORCL

EverSource Wealth Advisors LLC reduced its holdings in Oracle Corporation by 16.1% in Q2, selling 2,824 shares. Oracle's stock opened at $214.32, with a market cap of $610.98 billion. Insiders sold 204,254 shares worth $60,227,807 in 90 days. Oracle reported Q2 earnings of $1.47 per share, missing estimates by $0.01, with revenue up 12.2% year-over-year.

EverSource Wealth Advisors LLC cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 16.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,758 shares of the enterprise software provider's stock after selling 2,824 shares during the period. EverSource Wealth Advisors LLC's holdings in Oracle were worth $3,227,000 at the end of the most recent quarter.

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A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. Vanguard Group Inc. increased its position in shares of Oracle by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider's stock valued at $35,916,290,000 after purchasing an additional 3,353,461 shares during the last quarter. Northern Trust Corp grew its position in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after buying an additional 120,889 shares during the period. Norges Bank bought a new position in Oracle during the second quarter valued at about $4,275,378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock worth $1,941,195,000 after buying an additional 59,164 shares during the last quarter. Finally, Amundi raised its position in Oracle by 3.3% in the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock worth $1,749,280,000 after acquiring an additional 409,691 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were 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 in the company, valued at $8,443,394.75. This represents a 7.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the firm's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares of the company's stock, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 204,254 shares of company stock worth $60,227,807 in the last ninety days. Insiders own 40.90% of the company's stock.

Oracle Price Performance

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Oracle stock opened at $214.32 on Friday. The firm has a market capitalization of $610.98 billion, a P/E ratio of 49.61, a PEG ratio of 2.35 and a beta of 1.66. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. 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 business has a fifty day moving average price of $254.39 and a 200-day moving average price of $238.57.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. During the same period last year, the company posted $1.39 EPS. The business's revenue for the quarter 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, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, October 9th. Oracle's dividend payout ratio (DPR) is 46.30%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Redburn Partners set a $175.00 target price on shares of Oracle in a research note on Thursday, September 25th. William Blair reiterated an "outperform" rating on shares of Oracle in a research note on Friday, October 17th. Rothschild & Co Redburn initiated coverage on Oracle in a research report on Thursday, September 25th. They issued a "sell" rating and a $175.00 target price for the company. BMO Capital Markets set a $355.00 target price on Oracle and gave the company an "outperform" rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. upped their price target on Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $322.73.

Check Out Our Latest Analysis on ORCL

Oracle Company Profile

(Free Report)

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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