Coastwise Capital Group LLC Takes $205,000 Position in Oracle Corporation $ORCL

Key Points

• Coastwise Capital Group LLC has purchased 936 shares of Oracle Corporation valued at approximately $205,000 in the 2nd quarter, indicating growing interest from institutional investors.
• Director William G. Parrett and insider Clayton M. Magouyrk sold significant amounts of Oracle stock, reducing their ownership by 39.30% and 21.40%, respectively, which raises questions about insider sentiment.
• Oracle has recently declared a quarterly dividend of $0.50 per share, reflecting a 0.6% dividend yield and an annualized rate of $2.00, amid mixed performance in their latest earnings report.

Coastwise Capital Group LLC purchased a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 936 shares of the enterprise software provider's stock, valued at approximately $205,000.

Other large investors have also made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the first quarter valued at $28,000. Iron Horse Wealth Management LLC increased its position in Oracle by 284.9% in 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 period. Finally, Fourth Dimension Wealth LLC bought a new stake in Oracle in the 4th quarter valued at approximately $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 4.2%

Shares of ORCL stock traded up $12.56 on Friday, hitting $309.18. The stock had a trading volume of 40,475,718 shares, compared to its average volume of 29,628,284. The business has a 50 day moving average of $251.63 and a 200 day moving average of $195.70. The stock has a market cap of $878.60 billion, a price-to-earnings ratio of 71.57, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last announced 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 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 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. As a group, analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson increased their target price on Oracle from $220.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. BMO Capital Markets set a $345.00 target price on Oracle in a research report on Wednesday, September 10th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Oracle in a report on Thursday, September 11th. BNP Paribas set a $377.00 price target on Oracle in a research report on Wednesday, September 10th. Finally, Evercore ISI upped their target price on Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $303.44.

Insiders Place Their Bets

In related news, Director Rona Alison Fairhead acquired 480 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. This represents a 2.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 16,323 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $313.60, for a total value of $5,118,892.80. Following the completion of the sale, the insider directly owned 110,094 shares in the company, valued at $34,525,478.40. This trade represents a 12.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,247 shares of company stock worth $22,090,505. 42.20% of the stock is currently owned by company 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.