Independent Solutions Wealth Management LLC Buys New Position in Oracle Corporation $ORCL

Key Points

• Independent Solutions Wealth Management LLC has acquired a new position in Oracle Corporation, purchasing 1,654 shares valued at approximately $362,000.
• Oracle's most recent quarterly earnings report showed an EPS of $1.47, which slightly missed the estimate by $0.01, although revenue increased by 12.2% year-over-year.
• Several analysts maintain a favorable outlook for Oracle, with a consensus rating of "Moderate Buy" and an average price target of $304.71.

Independent Solutions Wealth Management LLC bought 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. The institutional investor bought 1,654 shares of the enterprise software provider's stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its position 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 valued at $29,000 after purchasing an additional 151 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Oracle during the 2nd quarter valued at about $34,000. Finally, HighMark Wealth Management LLC bought a new position in shares of Oracle during the 2nd quarter valued at about $38,000. Institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank restated an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. William Blair reaffirmed an "outperform" rating on shares of Oracle in a research note on Monday, September 22nd. Wolfe Research upped their price objective on shares of Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Cantor Fitzgerald upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $304.71.

Oracle Stock Performance

ORCL stock opened at $284.46 on Wednesday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $810.94 billion, a P/E ratio of 65.85, a P/E/G ratio of 3.14 and a beta of 1.53. The firm has a 50 day simple moving average of $264.10 and a 200 day simple moving average of $207.36. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.93 billion for 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 business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is presently 46.30%.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 78,000 shares of the company's stock, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the firm'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 transaction of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. The trade was a 39.30% decrease in their position. 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 ninety days. 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

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.