Triad Wealth Partners LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 52.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,672 shares of the enterprise software provider’s stock after purchasing an additional 1,264 shares during the quarter. Triad Wealth Partners LLC’s holdings in Oracle were worth $803,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new position in Oracle in the 2nd quarter worth approximately $34,000. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC grew its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after buying an additional 151 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC bought a new position in Oracle in the 2nd quarter worth approximately $60,000. 42.44% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. DA Davidson increased their price objective on Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Rothschild & Co Redburn assumed coverage on Oracle in a report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price objective for the company. Westpark Capital increased their price objective on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Melius Research increased their price target on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Guggenheim increased their price target on Oracle from $250.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $304.71.
Insider Buying and Selling
In other news, 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Parrett sold 11,500 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the sale, the director owned 17,764 shares of the company’s stock, valued at $5,435,784. The trade was a 39.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,314 shares of company stock valued at $31,272,223. 42.20% of the stock is currently owned by company insiders.
Oracle Trading Up 0.1%
Shares of ORCL opened at $289.18 on Friday. The business’s 50-day moving average price is $261.71 and its 200 day moving average price is $204.17. The stock has a market capitalization of $824.39 billion, a P/E ratio of 66.94, a P/E/G ratio of 3.11 and a beta of 1.53. Oracle Corporation has a 1-year low of $118.86 and a 1-year 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 – Get Free Report) last released its earnings results 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). The business had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts expect that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle’s dividend payout ratio is presently 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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