Concord Asset Management LLC VA Buys Shares of 2,389 Oracle Corporation $ORCL

Concord Asset Management LLC VA bought a new stake in Oracle Corporation (NYSE:ORCL) during the second quarter, Holdings Channel.com reports. The firm bought 2,389 shares of the enterprise software provider’s stock, valued at approximately $522,000.

Other hedge funds also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in Oracle in the second quarter valued at $34,000. HighMark Wealth Management LLC acquired a new stake in Oracle in the second quarter worth about $38,000. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the first quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter worth about $28,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in 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 purchasing an additional 151 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 5.2%

Shares of ORCL opened at $308.14 on Tuesday. The business’s 50-day moving average price is $267.80 and its 200 day moving average price is $211.91. The stock has a market capitalization of $878.43 billion, a P/E ratio of 71.33, a P/E/G ratio of 3.15 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) last issued its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 72.93% and a net margin of 21.08%.The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $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 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 paid 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 payout ratio is 46.30%.

Insiders Place Their Bets

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction dated 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 owned 132,656 shares of the company’s stock, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,314 shares of company stock worth $31,272,223. Insiders own 40.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BNP Paribas set a $377.00 price objective on shares of Oracle in a report on Wednesday, September 10th. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Mizuho upped their price objective on shares of Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Wolfe Research upped their price objective on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Finally, Citigroup reiterated a “buy” rating on shares of Oracle in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.00.

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.