Friday Financial Invests $223,000 in Oracle Corporation $ORCL

Key Points

• Friday Financial has invested approximately $223,000 in Oracle Corporation, acquiring 1,018 shares during the 2nd quarter.
• A significant shift in institutional holdings occurred, with Brighton Jones LLC increasing its ownership in Oracle by 189.3%, now holding over 153,580 shares valued at nearly $25.6 million.
• Recent analyst ratings show a positive outlook on Oracle, with brokerages revising price targets, including Wolfe Research raising it from $300 to $400, indicating strong investor interest.

Friday Financial bought a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,018 shares of the enterprise software provider's stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter valued at $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the first quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% in the 1st 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. Fourth Dimension Wealth LLC purchased a new position in Oracle in the 4th quarter worth $36,000. Finally, Graybill Wealth Management LTD. purchased a new position in Oracle in the 1st quarter worth $39,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ORCL shares. The Goldman Sachs Group boosted their price objective on shares of Oracle from $195.00 to $310.00 and gave the company a "neutral" rating in a research report on Monday, September 15th. Cantor Fitzgerald raised their price objective on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. BMO Capital Markets set a $345.00 price objective on Oracle in a research report on Wednesday, September 10th. JPMorgan Chase & Co. increased their target price on Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Finally, Guggenheim increased their target price on Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $303.44.

Insider Buying and Selling at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of the business's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the transaction, the director owned 17,764 shares of the company's stock, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,247 shares of company stock valued at $22,090,505. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of NYSE:ORCL traded up $20.44 during trading on Monday, hitting $329.10. 44,291,474 shares of the company's stock were exchanged, compared to its average volume of 29,628,284. 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 current ratio of 0.62 and a quick ratio of 0.62. The business's 50-day simple moving average is $253.63 and its 200 day simple moving average is $196.92. The company has a market cap of $935.21 billion, a price-to-earnings ratio of 76.18, a PEG ratio of 3.34 and a beta of 1.46.

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 (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $15.04 billion. During the same period last year, the firm posted $1.39 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.6%. Oracle's dividend payout ratio (DPR) is currently 46.30%.

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.