Darden Wealth Group Inc Acquires 480 Shares of Oracle Corporation $ORCL

Darden Wealth Group Inc raised its stake in shares of Oracle Corporation (NYSE:ORCL) by 25.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,380 shares of the enterprise software provider’s stock after purchasing an additional 480 shares during the quarter. Darden Wealth Group Inc’s holdings in Oracle were worth $520,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the 1st quarter valued at $27,000. Iron Horse Wealth Management LLC increased its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. LGT Financial Advisors LLC bought a new position in Oracle in the second quarter valued at about $33,000. Legend Financial Advisors Inc. bought a new stake in shares of Oracle during the 2nd quarter valued at about $34,000. Finally, HighMark Wealth Management LLC bought a new position in shares of Oracle in the 2nd quarter worth approximately $38,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 1.2%

NYSE ORCL opened at $283.45 on Friday. Oracle Corporation has a 12 month low of $118.86 and a 12 month 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. The stock has a market cap of $808.05 billion, a PE ratio of 65.61, a P/E/G ratio of 3.04 and a beta of 1.53. The stock’s 50 day moving average is $274.59 and its 200 day moving average is $221.04.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s payout ratio is 46.30%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Melius Research upped their target price on shares of Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Barclays raised their target price on Oracle from $367.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Citigroup restated a “buy” rating on shares of Oracle in a research report on Friday, October 10th. Cowen reaffirmed a “buy” rating on shares of Oracle in a research note on Friday, October 17th. Finally, Guggenheim boosted their price objective on Oracle from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.69.

Insider Activity at Oracle

In other Oracle news, EVP Stuart Levey sold 19,758 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $300.00, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maria Smith sold 5,000 shares of Oracle stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the sale, the executive vice president directly owned 47,083 shares in the company, valued at approximately $13,212,431.46. The trade was a 9.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 170,769 shares of company stock valued at $50,297,667 in the last 90 days. 40.90% of the stock is currently owned by insiders.

About Oracle

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.