Ridgecrest Wealth Partners LLC Has $1.45 Million Stock Position in Oracle Corporation $ORCL

Ridgecrest Wealth Partners LLC cut its stake in shares of Oracle Corporation (NYSE:ORCL) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,614 shares of the enterprise software provider’s stock after selling 199 shares during the period. Ridgecrest Wealth Partners LLC’s holdings in Oracle were worth $1,446,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ORCL. Reyes Financial Architecture Inc. boosted its holdings in shares of Oracle by 7.2% in the 2nd 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 last quarter. Davis Investment Partners LLC raised its position 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 acquiring an additional 46 shares in the last quarter. Acropolis Investment Management LLC lifted its stake in Oracle by 2.6% in the second quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider’s stock valued at $404,000 after acquiring an additional 47 shares during the last quarter. Sunpointe LLC grew its position in shares of Oracle by 0.9% in the 2nd quarter. Sunpointe LLC now owns 5,563 shares of the enterprise software provider’s stock valued at $1,216,000 after acquiring an additional 48 shares during the period. Finally, American Financial Advisors LLC increased its stake in shares of Oracle by 2.3% during the 2nd quarter. American Financial Advisors LLC now owns 2,234 shares of the enterprise software provider’s stock worth $488,000 after purchasing an additional 50 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ORCL. Cowen reiterated a “buy” rating and set a $375.00 price target on shares of Oracle in a report on Wednesday, September 10th. Wolfe Research raised their price objective on Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. BNP Paribas set a $377.00 target price on Oracle in a report on Wednesday, September 10th. Mizuho increased their price target on Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Finally, Cantor Fitzgerald lifted their price objective on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $305.75.

Oracle Trading Down 4.0%

ORCL opened at $314.90 on Wednesday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a fifty day moving average of $255.23 and a 200-day moving average of $197.74. The stock has a market cap of $894.84 billion, a PE ratio of 72.89, a price-to-earnings-growth ratio of 3.55 and a beta of 1.46. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS 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 firm had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same period last year, the company posted $1.39 EPS. The business’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, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle’s payout ratio is presently 46.30%.

Insider Transactions at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider directly owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company’s stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,092 shares of company stock valued at $32,960,165. 42.20% of the stock is owned by insiders.

About Oracle

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.