Legacy Wealth Asset Management LLC Acquires New Stake in Oracle Corporation $ORCL

Legacy Wealth Asset Management LLC acquired a new stake in Oracle Corporation (NYSE:ORCL) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,387 shares of the enterprise software provider’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. LGT Financial Advisors LLC purchased a new stake in Oracle during the 2nd quarter worth about $33,000. Legend Financial Advisors Inc. purchased a new stake in Oracle during the 2nd quarter worth about $34,000. HighMark Wealth Management LLC purchased a new stake in Oracle during the 2nd quarter worth about $38,000. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the 1st quarter worth about $27,000. Finally, Iron Horse Wealth Management LLC increased its holdings in 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 purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of Oracle stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $288.91, for a total value of $641,958.02. Following the transaction, the director directly owned 29,225 shares in the company, valued at approximately $8,443,394.75. This trade represents a 7.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the transaction, the executive vice president owned 18,429 shares in the company, valued at $5,528,700. This trade represents a 51.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,769 shares of company stock worth $36,428,967. 40.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. UBS Group increased their price objective on Oracle from $360.00 to $380.00 and gave the company a “buy” rating in a report on Friday. Cowen reiterated a “buy” rating on shares of Oracle in a report on Friday. Wolfe Research increased their price objective on Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Guggenheim increased their price objective on Oracle from $375.00 to $400.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Cantor Fitzgerald increased their price objective on Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a 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 issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

Oracle Trading Down 0.7%

NYSE:ORCL opened at $275.12 on Wednesday. The stock’s 50 day moving average price is $272.62 and its 200 day moving average price is $217.84. The company has a market capitalization of $784.31 billion, a PE ratio of 63.69, a P/E/G ratio of 2.97 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 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.30%.

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.