1,778 Shares in Oracle Corporation $ORCL Acquired by Elwood & Goetz Wealth Advisory Group LLC

Key Points

• Elwood & Goetz Wealth Advisory Group LLC acquired 1,778 shares of Oracle Corporation in the 2nd quarter, valued at approximately $389,000.
• Oracle's shares were down 0.3% with a current market capitalization of $803.29 billion, while reporting a 12.2% year-over-year revenue growth in its recent quarterly earnings.
• Oracle announced a quarterly dividend of $0.50 per share, with a yield of 0.7%, set to be paid on October 23rd, 2023.

Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,778 shares of the enterprise software provider's stock, valued at approximately $389,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its holdings 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 valued at $29,000 after purchasing an additional 151 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Oracle during the 2nd quarter valued at approximately $34,000. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Oracle during the 1st quarter valued at approximately $39,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.3%

Shares of NYSE ORCL opened at $282.68 on Tuesday. The company has a market capitalization of $803.29 billion, a P/E ratio of 65.44, a price-to-earnings-growth ratio of 3.05 and a beta of 1.46. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The company's 50 day moving average price is $258.97 and its 200-day moving average price is $202.09.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is presently 46.30%.

Insider Activity at Oracle

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the business's 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 transaction, the insider owned 78,000 shares in the company, valued at $23,174,580. The trade was a 21.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Sicilia sold 33,845 shares of the business's 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 112,092 shares of company stock worth $32,960,165 over the last ninety days. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORCL. Rothschild Redb raised shares of Oracle to a "strong sell" rating in a report on Thursday, September 25th. BMO Capital Markets set a $345.00 target price on shares of Oracle in a research report on Wednesday, September 10th. Scotiabank reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Guggenheim lifted their target price on shares of Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Finally, DA Davidson lifted their target price on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $304.71.

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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