935 Shares in Oracle Corporation $ORCL Acquired by Financial Advisory Corp

Key Points

• Financial Advisory Corp has acquired 935 shares of Oracle Corporation, investing approximately $204,000 in the company during the 2nd quarter, as disclosed in their recent SEC filing.
• Several large investors significantly increased their stakes in Oracle, with Canoe Financial LP growing its holdings by 314.8% to own 484,098 shares valued at $105.8 million.
• Oracle recently announced a quarterly $0.50 dividend to be paid on October 23, 2023, representing a 0.6% dividend yield and a payout ratio of 46.30%.

Financial Advisory Corp acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 935 shares of the enterprise software provider's stock, valued at approximately $204,000.

Other large investors have also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its stake 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 worth $29,000 after acquiring an additional 151 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $12.56 during midday trading on Friday, reaching $309.18. The company's stock had a trading volume of 40,475,718 shares, compared to its average volume of 28,056,660. The firm has a market capitalization of $878.60 billion, a PE ratio of 71.57, a P/E/G ratio of 3.34 and a beta of 1.46. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The stock has a fifty day moving average of $251.63 and a 200 day moving average of $195.39. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last released 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 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 was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ORCL shares. JMP Securities upped their price target on shares of Oracle from $315.00 to $342.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 10th. The Goldman Sachs Group upped their price target on shares of Oracle from $195.00 to $310.00 and gave the company a "neutral" rating in a research note on Monday, September 15th. Cantor Fitzgerald upped their price target on shares of Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, KeyCorp upped their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average price target of $303.44.

Insider Activity

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the 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 sale, the insider directly owned 78,000 shares of the company's stock, valued at approximately $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,247 shares of company stock valued at $22,090,505 in the last three months. Corporate insiders own 42.20% of the company's stock.

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.