Legacy Trust Lowers Stock Position in Oracle Corporation $ORCL

Key Points

• Legacy Trust has reduced its holdings in Oracle Corporation by 6.9%, now owning 18,394 shares worth approximately $4 million after selling 1,363 shares in the second quarter.
• Insider trading activity has been notable, with Director William G. Parrett selling 11,500 shares and Director Rona Alison Fairhead purchasing 480 shares in recent transactions.
• Oracle plans to pay a quarterly dividend of $0.50 per share on October 23rd, representing an annualized dividend yield of 0.7%.

Legacy Trust lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,394 shares of the enterprise software provider's stock after selling 1,363 shares during the quarter. Legacy Trust's holdings in Oracle were worth $4,021,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the first quarter valued at $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 holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Oracle during the second quarter valued at $34,000. Finally, HighMark Wealth Management LLC bought a new position in shares of Oracle during the second quarter valued at $38,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares in the company, valued at $5,435,784. The trade was a 39.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction on Monday, July 7th. The shares were purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 104,314 shares of company stock worth $31,272,223. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Down 0.9%

Oracle stock opened at $286.23 on Friday. The business has a 50-day simple moving average of $262.53 and a two-hundred day simple moving average of $205.48. The company has a market cap of $815.99 billion, a P/E ratio of 66.26, a P/E/G ratio of 3.08 and a beta of 1.53. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. 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 results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company'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 firm earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is currently 46.30%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. DA Davidson raised their price target on Oracle from $220.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Stifel Nicolaus raised their price target on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Guggenheim raised their price target on Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $304.71.

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.

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