2,367 Shares in Oracle Corporation $ORCL Purchased by Innova Wealth Partners

Key Points

• Innova Wealth Partners acquired a new stake of 2,367 shares in Oracle Corporation, valued at approximately $517,000, during the second quarter.
• Oracle reported $1.47 EPS for the latest quarter, slightly missing estimates of $1.48, with a revenue increase of 12.2% year-over-year.
• The company declared a quarterly dividend of $0.50 per share, representing a 0.6% dividend yield, to be paid on October 23rd.

Innova Wealth Partners purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,367 shares of the enterprise software provider's stock, valued at approximately $517,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares in the last quarter. Northern Trust Corp grew its stake in shares of Oracle by 0.6% during the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after purchasing an additional 120,889 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Oracle by 0.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock valued at $1,941,195,000 after acquiring an additional 59,164 shares during the period. Amundi grew its stake in Oracle by 3.3% in the 1st quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock valued at $1,749,280,000 after acquiring an additional 409,691 shares during the period. Finally, Polen Capital Management LLC grew its position in shares of Oracle by 17.6% in the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after purchasing an additional 1,885,370 shares during the period. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the topic of several recent research reports. Cantor Fitzgerald boosted their price target on shares of Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Evercore ISI increased their target price on shares of Oracle from $340.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and raised their target price for the company from $295.00 to $368.00 in a report on Wednesday, September 10th. BNP Paribas set a $377.00 target price on Oracle in a research report on Wednesday, September 10th. Finally, Redburn Partners set a $175.00 target price on Oracle in a research report on Thursday, September 25th. Three research 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 given a Sell rating to the stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $307.00.

Oracle Stock Up 5.2%

Shares of ORCL opened at $308.14 on Tuesday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm has a market cap of $878.43 billion, a PE ratio of 71.33, a price-to-earnings-growth ratio of 3.15 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. The company's fifty day moving average is $267.80 and its two-hundred day moving average is $211.91.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The company's revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed 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 dividend yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is currently 46.30%.

Insider Activity at Oracle

In other news, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock worth $31,272,223 in the last 90 days. Corporate insiders own 40.90% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.