Independent Wealth Network Inc. Takes Position in Oracle Corporation $ORCL

Key Points

• Independent Wealth Network Inc. acquired 1,215 shares of Oracle Corporation, worth about $266,000, during the second quarter.
• Oracle's analysts have recently set new price targets, with estimates ranging from $175.00 to $364.00, contributing to its consensus target price of $304.71.
• The company announced a quarterly dividend of $0.50 per share, which will be paid on October 23rd to shareholders of record on October 9th, reflecting an annual yield of 0.7%.

Independent Wealth Network Inc. purchased a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,215 shares of the enterprise software provider's stock, valued at approximately $266,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Oracle by 200.4% during the fourth quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock valued at $28,743,000 after acquiring an additional 115,059 shares during the last quarter. Legacy Private Trust Co. increased its position in shares of Oracle by 31.5% during the first quarter. Legacy Private Trust Co. now owns 2,193 shares of the enterprise software provider's stock valued at $307,000 after acquiring an additional 525 shares in the last quarter. Finally, BTC Capital Management Inc. lifted its stake in shares of Oracle by 3.7% during the 1st quarter. BTC Capital Management Inc. now owns 74,621 shares of the enterprise software provider's stock valued at $10,433,000 after buying an additional 2,636 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. DA Davidson increased their price objective on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Sanford C. Bernstein increased their price objective on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a report on Friday. Scotiabank reissued an "outperform" rating on shares of Oracle in a report on Wednesday, September 10th. Redburn Partners set a $175.00 target price on Oracle in a research report on Thursday. Finally, Stifel Nicolaus lifted their price objective on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $304.71.

Insider Activity at Oracle

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 78,000 shares of the company's stock, valued at $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William G. Parrett sold 11,500 shares of the company's stock in a transaction dated 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 completion of the transaction, the director directly owned 17,764 shares of the company's stock, valued at approximately $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,092 shares of company stock valued at $32,960,165 over the last ninety days. 42.20% of the stock is owned by insiders.

Oracle Price Performance

ORCL opened at $283.29 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a fifty day simple moving average of $258.19 and a 200 day simple moving average of $200.78. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The firm has a market cap of $805.03 billion, a price-to-earnings ratio of 65.58, a PEG ratio of 3.05 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The business's revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders 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 yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is 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.

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