Moran Wealth Management LLC Buys 2,358 Shares of Oracle Corporation $ORCL

Moran Wealth Management LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL) by 19.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,369 shares of the enterprise software provider’s stock after purchasing an additional 2,358 shares during the quarter. Moran Wealth Management LLC’s holdings in Oracle were worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legend Financial Advisors Inc. bought a new stake in Oracle during the second quarter worth about $34,000. HighMark Wealth Management LLC purchased a new stake in Oracle in the second quarter worth approximately $38,000. Redmont Wealth Advisors LLC bought a new position in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the first quarter worth approximately $28,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% in 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 during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the transaction, the insider directly owned 78,000 shares of the company’s stock, valued at $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction 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 sale, the insider directly owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,769 shares of company stock valued at $36,428,967 over the last 90 days. 40.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. DA Davidson upped their price target on shares of Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Berenberg Bank increased their price objective on Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research note on Monday, September 15th. Jefferies Financial Group raised their target price on shares of Oracle from $270.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, TD Cowen upped their price target on shares of Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $307.00.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $303.30 on Thursday. The firm has a fifty day simple moving average of $269.61 and a two-hundred day simple moving average of $213.14. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $864.64 billion, a P/E ratio of 70.21, a PEG ratio of 3.22 and a beta of 1.53. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The company’s 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 expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared 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 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio is presently 46.30%.

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.