Insight Wealth Partners LLC acquired a new stake in Oracle Corporation (NYSE:ORCL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 986 shares of the enterprise software provider’s stock, valued at approximately $216,000.
Other large investors also recently modified their holdings of the company. LGT Financial Advisors LLC bought a new position in shares of Oracle in the second quarter valued at about $33,000. Legend Financial Advisors Inc. bought a new position in shares of Oracle in the second quarter valued at about $34,000. HighMark Wealth Management LLC bought a new position in shares of Oracle in the second quarter valued at about $38,000. Moser Wealth Advisors LLC increased its position in Oracle by 1,770.0% during the second quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock worth $41,000 after acquiring an additional 177 shares during the period. Finally, Redmont Wealth Advisors LLC bought a new position in Oracle during the first quarter worth about $27,000. 42.44% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on ORCL shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $320.00 price target on shares of Oracle in a research report on Monday. Barclays raised their price target on shares of Oracle from $367.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. JMP Securities reaffirmed a “market outperform” rating and set a $342.00 price target on shares of Oracle in a research report on Friday, October 17th. BNP Paribas set a $377.00 price target on shares of Oracle in a research report on Wednesday, September 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Oracle in a research report on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.69.
Oracle Trading Up 1.2%
Shares of Oracle stock opened at $283.45 on Friday. The company has a market capitalization of $808.05 billion, a price-to-earnings ratio of 65.61, a PEG ratio of 3.01 and a beta of 1.53. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The firm’s 50-day moving average price is $274.59 and its two-hundred day moving average price is $220.37.
Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data 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). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s dividend payout ratio is presently 46.30%.
Insiders Place Their Bets
In related news, EVP Maria Smith sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the transaction, the executive vice president owned 47,083 shares of the company’s stock, valued at $13,212,431.46. This represents a 9.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares of the company’s stock, valued at approximately $42,603,800.96. The trade was a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 170,769 shares of company stock worth $50,297,667 over the last 90 days. Insiders own 40.90% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Oracle
- What is the S&P 500 and How It is Distinct from Other Indexes
- Time to Take Notice: PEGA’s GenAI Blueprint Delivers Huge Q3 Beat
- Large Cap Stock Definition and How to Invest
- MarketBeat Week in Review – 10/20 – 10/24
- Value Investing: Is it a Good Strategy in 2022? (Hint: Always)
- Rayonier-PotlatchDeltic Merger Signals Industry Upside
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.
