Independent Solutions Wealth Management LLC purchased a new stake in Oracle Corporation (NYSE:ORCL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,654 shares of the enterprise software provider’s stock, valued at approximately $362,000.
Other institutional investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC grew its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after acquiring an additional 151 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Oracle in the second quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in shares of Oracle in the second quarter worth $38,000. Institutional investors own 42.44% of the company’s stock.
Analysts Set New Price Targets
ORCL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Cantor Fitzgerald raised their price objective on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Redburn Partners set a $175.00 price objective on shares of Oracle in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oracle in a research note on Saturday, September 27th. Finally, Barclays lifted their price target on shares of Oracle from $221.00 to $281.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $304.71.
Oracle Stock Down 2.4%
Shares of NYSE:ORCL opened at $284.46 on Wednesday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The company’s fifty day moving average is $264.10 and its 200-day moving average is $207.36. The company has a market capitalization of $810.94 billion, a PE ratio of 65.85, a P/E/G ratio of 3.14 and a beta of 1.53.
Oracle (NYSE:ORCL – Get Free Report) last issued its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the prior year, the firm posted $1.39 EPS. The firm’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. Equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s dividend payout ratio is 46.30%.
Insider Activity at Oracle
In related news, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the transaction, the director owned 17,764 shares in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock worth $31,272,223 in the last 90 days. Corporate insiders own 40.90% of the company’s stock.
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.
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