BNC Wealth Management LLC Purchases 877 Shares of Oracle Corporation $ORCL

Key Points

• BNC Wealth Management LLC increased its stake in Oracle Corporation by 2.8%, acquiring an additional 877 shares, bringing its total to 31,785 shares valued at approximately $6.94 million.
• Notable insider Clayton M. Magouyrk sold over 21,241 shares of Oracle stock for more than $6.3 million, reducing their ownership by 21.40%.
• Oracle reported earnings per share of $1.47 for the last quarter, slightly missing analysts' expectations, and announced a quarterly dividend of $0.50, yielding 0.6%.

BNC Wealth Management LLC increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,785 shares of the enterprise software provider's stock after acquiring an additional 877 shares during the period. Oracle comprises about 2.1% of BNC Wealth Management LLC's portfolio, making the stock its 13th biggest position. BNC Wealth Management LLC's holdings in Oracle were worth $6,949,000 at the end of the most recent reporting period.

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 first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC grew its holdings in shares of Oracle by 284.9% during the first 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 last quarter. Graybill Wealth Management LTD. bought a new stake in shares of Oracle during the first quarter worth about $39,000. Finally, Operose Advisors LLC grew its holdings in shares of Oracle by 50.2% during the first quarter. Operose Advisors LLC now owns 314 shares of the enterprise software provider's stock worth $44,000 after purchasing an additional 105 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the sale, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 112,092 shares of company stock valued at $32,960,165 in the last 90 days. Company insiders own 42.20% of the company's stock.

Oracle Trading Down 4.0%

Shares of ORCL stock opened at $314.90 on Wednesday. The company has a market cap of $894.84 billion, a P/E ratio of 72.89, a PEG ratio of 3.55 and a beta of 1.46. The stock has a 50 day simple moving average of $255.23 and a two-hundred day simple moving average of $197.74. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is presently 46.30%.

Analyst Ratings Changes

ORCL has been the topic of several research reports. Cantor Fitzgerald boosted their price target on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Scotiabank restated an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Finally, JMP Securities raised their price objective on Oracle from $315.00 to $342.00 and gave the stock a "market outperform" rating in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $305.75.

Oracle Company 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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