Oracle Corporation (NYSE: ORCL) has received an optimistic earnings outlook from Zacks Research, which revised its fiscal year 2026 earnings per share (EPS) estimate to $5.25, up from a previous forecast of $5.15. This update, issued on September 23, 2023, reflects the enterprise software provider’s anticipated growth and aligns with the broader consensus estimate of $5.00 per share for the current fiscal year.
In addition to the FY2026 adjustments, Zacks Research projected Oracle’s Q4 2027 earnings at $1.77 EPS, with FY2027 earnings expected to reach $6.22 EPS and FY2028 earnings at $7.52 EPS. Several other brokerages have also expressed positive sentiments about Oracle’s stock. Scotiabank reaffirmed an “outperform” rating on September 10, while Morgan Stanley raised its price target from $246.00 to $320.00, maintaining an “equal weight” rating.
In a similar vein, Melius Research increased its price target on Oracle from $270.00 to $370.00 with a “buy” rating. William Blair also reiterated an “outperform” rating, and Raymond James Financial maintained a “strong-buy” rating earlier in June. Overall, two analysts have given a Strong Buy rating, twenty-five have rated it as Buy, nine have issued a Hold rating, and two have given a Sell rating.
Current Stock Performance and Market Insights
As of the latest trading session, Oracle’s stock opened at $283.29. The company has experienced a 1-year low of $118.86 and a 1-year high of $345.72. The fifty-day moving average price stands at $258.19, while the 200-day average is $200.44. Oracle possesses a market capitalization of $805.03 billion, with a price-to-earnings ratio of 65.58 and a beta of 1.46.
On September 9, 2023, Oracle announced its quarterly earnings, reporting $1.47 EPS, which narrowly missed the consensus estimate of $1.48 by $0.01. The firm generated $14.93 billion in revenue during the quarter, falling short of analyst expectations of $15.04 billion. Nonetheless, Oracle’s revenue increased by 12.2% year-over-year, compared to $1.39 EPS in the same quarter last year. For Q2 2026, Oracle has guided EPS expectations between $1.270 and $1.310.
Institutional Activity and Insider Trading
Recent activity among institutional investors indicates growing confidence in Oracle. Brighton Jones LLC increased its holdings in Oracle by 189.3% in the fourth quarter, now owning 153,580 shares valued at approximately $25.6 million. Revolve Wealth Partners LLC also raised its position by 8.1%, acquiring an additional 404 shares worth around $903,000. Other notable moves include Chancellor Financial Group WB LP and Mascagni Wealth Management Inc. purchasing new stakes in Oracle, further demonstrating institutional interest.
In terms of insider trading, Executive Vice President Maria Smith sold 10,000 shares on July 3 at an average price of $232.99, totaling approximately $2.33 million. Following this transaction, Smith holds 40,807 shares valued at about $9.51 million. Additionally, Director William G. Parrett sold 11,500 shares on September 12 for around $3.52 million.
Oracle insiders have sold a total of 112,092 shares valued at approximately $32.96 million over the past three months, reflecting a significant decrease in their holdings. Currently, insiders own 42.20% of the company’s stock.
Oracle recently announced a quarterly dividend of $0.50, set to be paid on October 23, 2023, to shareholders recorded by October 9. This represents an annualized dividend of $2.00 and a yield of 0.7%. The company’s dividend payout ratio stands at 46.3%.
Oracle Corporation continues to position itself as a key player in the enterprise software market, offering a range of products and services that address global information technology needs. The recent upgrades to earnings forecasts and continued institutional support suggest a positive trajectory for the company in the upcoming fiscal years.
