Hobbs Wealth Management LLC Invests $240,000 in Oracle Corporation $ORCL

Hobbs Wealth Management LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,098 shares of the enterprise software provider’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Brighton Jones LLC increased its position in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC raised its position in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Oracle by 42.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 30,368 shares of the enterprise software provider’s stock worth $4,246,000 after purchasing an additional 9,016 shares during the period. Vestcor Inc grew its position in Oracle by 9.8% during the 1st quarter. Vestcor Inc now owns 110,789 shares of the enterprise software provider’s stock worth $15,489,000 after purchasing an additional 9,857 shares during the last quarter. Finally, MMA Asset Management LLC acquired a new position in Oracle in the first quarter valued at $233,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the transaction, the director owned 151,999 shares in the company, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 204,254 shares of company stock valued at $60,227,807 in the last three months. Company insiders own 40.90% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several recent research reports. Melius Research boosted their price target on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. JMP Securities reaffirmed a “market outperform” rating and set a $342.00 price target on shares of Oracle in a report on Friday, October 17th. Robert W. Baird cut their price objective on shares of Oracle from $365.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Jefferies Financial Group boosted their price target on shares of Oracle from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, BMO Capital Markets set a $355.00 price objective on Oracle and gave the company an “outperform” rating in a report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $324.89.

Oracle Stock Performance

NYSE ORCL opened at $205.29 on Thursday. The business has a 50 day moving average price of $266.77 and a 200 day moving average price of $237.24. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $585.23 billion, a P/E ratio of 47.52, a PEG ratio of 2.96 and a beta of 1.51. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share 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 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 revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, October 9th. Oracle’s dividend payout ratio is presently 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.