Bank of Nova Scotia Trims Position in Oracle Corporation $ORCL

Bank of Nova Scotia reduced its stake in Oracle Corporation (NYSE:ORCL) by 37.4% during the second quarter, Holdings Channel.com reports. The fund owned 471,998 shares of the enterprise software provider’s stock after selling 281,708 shares during the quarter. Bank of Nova Scotia’s holdings in Oracle were worth $103,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Snider Financial Group increased its holdings in Oracle by 1.3% during the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after purchasing an additional 40 shares during the period. SNS Financial Group LLC grew its position in shares of Oracle by 0.9% during the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock worth $1,070,000 after buying an additional 42 shares in the last quarter. PKS Advisory Services LLC increased its stake in shares of Oracle by 1.9% during the second quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock valued at $483,000 after buying an additional 42 shares during the period. Reyes Financial Architecture Inc. increased its stake in shares of Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock valued at $141,000 after buying an additional 43 shares during the period. Finally, Creative Capital Management Investments LLC lifted its stake in Oracle by 5.7% in the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after acquiring an additional 43 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, EVP Stuart Levey sold 19,758 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the sale, the executive vice president owned 18,429 shares in the company, valued at $5,528,700. This represents a 51.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the transaction, the executive vice president directly owned 47,083 shares of the company’s stock, valued at $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 204,254 shares of company stock valued at $60,227,807. 40.90% of the stock is owned by insiders.

Oracle Trading Up 1.7%

Shares of Oracle stock opened at $218.04 on Monday. The firm’s 50 day simple moving average is $253.08 and its two-hundred day simple moving average is $240.11. The firm has a market capitalization of $621.59 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 2.47 and a beta of 1.66. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. 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 firm earned $1.39 earnings per share. Oracle’s quarterly 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. Analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on ORCL shares. The Goldman Sachs Group reissued a “neutral” rating and set a $320.00 target price on shares of Oracle in a research report on Monday, October 20th. TD Cowen lifted their price objective on shares of Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. HSBC restated a “buy” rating and set a $382.00 target price on shares of Oracle in a report on Wednesday, November 26th. DA Davidson reduced their price target on Oracle from $300.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Finally, Baird R W raised Oracle to a “strong-buy” rating in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.73.

Oracle Company 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.