LeConte Wealth Management LLC Grows Holdings in Oracle Corporation $ORCL

LeConte Wealth Management LLC boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 37.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,287 shares of the enterprise software provider’s stock after purchasing an additional 621 shares during the period. LeConte Wealth Management LLC’s holdings in Oracle were worth $500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Reyes Financial Architecture Inc. lifted its holdings in Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after buying an additional 43 shares during the period. Davis Investment Partners LLC grew its holdings in Oracle by 0.7% in the second quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider’s stock worth $1,517,000 after purchasing an additional 46 shares during the last quarter. Acropolis Investment Management LLC increased its position in shares of Oracle by 2.6% during the second quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 47 shares in the last quarter. Sunpointe LLC lifted its holdings in shares of Oracle by 0.9% during the 2nd quarter. Sunpointe LLC now owns 5,563 shares of the enterprise software provider’s stock valued at $1,216,000 after purchasing an additional 48 shares during the last quarter. Finally, American Financial Advisors LLC boosted its position in shares of Oracle by 2.3% in 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 in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. Melius Research upped their target price on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. BNP Paribas set a $377.00 price objective on shares of Oracle in a report on Wednesday, September 10th. CIBC reiterated a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Cantor Fitzgerald boosted their target price 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. Finally, Wolfe Research raised their price target on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $305.75.

Oracle Stock Down 1.6%

ORCL stock opened at $308.86 on Thursday. The company has a market capitalization of $877.69 billion, a P/E ratio of 71.50, a price-to-earnings-growth ratio of 3.39 and a beta of 1.46. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The firm’s fifty day simple moving average is $256.58 and its 200-day simple moving average is $198.50. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

Oracle (NYSE:ORCL) last issued its earnings results 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 business had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is 46.30%.

Insider Activity at Oracle

In other Oracle news, Director William G. Parrett sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the transaction, the director directly owned 17,764 shares of the company’s stock, valued at approximately $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,092 shares of company stock valued at $32,960,165 in the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

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.