Summit Wealth & Retirement Planning Inc. Makes New $324,000 Investment in Oracle Corporation $ORCL

Summit Wealth & Retirement Planning Inc. bought a new stake in Oracle Corporation (NYSE:ORCL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,481 shares of the enterprise software provider’s stock, valued at approximately $324,000.

Other hedge funds have also recently modified their holdings of the company. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% during 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 during the last quarter. LGT Financial Advisors LLC purchased a new position in Oracle during the second quarter worth about $33,000. Legend Financial Advisors Inc. acquired a new stake in Oracle in the second quarter valued at about $34,000. HighMark Wealth Management LLC acquired a new stake in Oracle in the second quarter valued at about $38,000. Finally, Graybill Wealth Management LTD. purchased a new stake in Oracle in the 1st quarter valued at approximately $39,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the subject of several recent analyst reports. Piper Sandler raised their price target on Oracle from $330.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $310.00 price objective on shares of Oracle in a research report on Friday, October 17th. BNP Paribas set a $377.00 target price on shares of Oracle in a research report on Wednesday, September 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $320.00 price target on shares of Oracle in a research note on Monday, October 20th. Finally, Sanford C. Bernstein raised their price objective on shares of Oracle from $363.00 to $364.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Oracle Stock Performance

Oracle stock opened at $239.15 on Friday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a market capitalization of $681.77 billion, a price-to-earnings ratio of 55.36, a PEG ratio of 2.96 and a beta of 1.51. The stock has a fifty day moving average of $279.32 and a two-hundred day moving average of $229.88. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company 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%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.30%.

Insider Buying and Selling at Oracle

In other news, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the transaction, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey Berg sold 49,365 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the transaction, the director directly owned 151,999 shares in the company, valued at $43,018,756.98. The trade was a 24.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 204,254 shares of company stock valued at $60,227,807. Corporate insiders own 40.90% of the company’s stock.

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.