Frazier Financial Advisors LLC cut its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 785 shares of the enterprise software provider’s stock after selling 79 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Oracle were worth $172,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Legend Financial Advisors Inc. purchased a new position in shares of Oracle during the second quarter valued at $34,000. HighMark Wealth Management LLC purchased a new stake in shares of Oracle during the 2nd quarter worth about $38,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter worth about $28,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 151 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Oracle
In other Oracle news, Director William G. Parrett sold 11,500 shares of the stock in a transaction 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 transaction, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 21,241 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the transaction, the insider owned 78,000 shares in the company, valued at $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock valued at $31,272,223 over the last 90 days. 40.90% of the stock is currently owned by corporate insiders.
Oracle Trading Up 5.2%
Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is presently 46.30%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on ORCL shares. DA Davidson boosted their price objective on Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. William Blair reissued an “outperform” rating on shares of Oracle in a research report on Monday, September 22nd. UBS Group set a $364.00 price objective on Oracle in a research report on Friday, September 26th. Morgan Stanley boosted their price objective on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 23rd. Finally, TD Cowen boosted their price objective on Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Three investment 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $307.00.
Check Out Our Latest Stock Analysis on ORCL
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.
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