Lineweaver Wealth Advisors LLC Makes New Investment in Oracle Corporation $ORCL

Key Points

• Lineweaver Wealth Advisors LLC has acquired a new position in Oracle Corporation, purchasing 987 shares valued at approximately $216,000 during the second quarter.
• Analysts are optimistic about Oracle stock, with several increasing their price targets; notably, Evercore ISI raised it from $270.00 to $340.00, maintaining an "outperform" rating.
• Oracle recently announced a quarterly dividend of $0.50 per share, with an ex-dividend date of October 9th and an annualized yield of 0.7%.

Lineweaver Wealth Advisors LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 987 shares of the enterprise software provider's stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Brighton Jones LLC raised its holdings in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares during the period. Visionary Wealth Advisors raised its stake in Oracle by 1.2% in the fourth quarter. Visionary Wealth Advisors now owns 11,717 shares of the enterprise software provider's stock valued at $1,953,000 after purchasing an additional 140 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in Oracle during the fourth quarter worth about $150,000. Finally, Woodline Partners LP acquired a new stake in Oracle during the fourth quarter worth about $12,264,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on ORCL shares. Westpark Capital increased their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. BNP Paribas set a $377.00 target price on Oracle in a report on Wednesday, September 10th. Royal Bank Of Canada boosted their price target on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Evercore ISI boosted their target price on Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.44.

Insider Activity

In other news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the sale, the insider 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 accessible through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,924 shares of company stock worth $16,971,612. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Oracle stock opened at $306.80 on Wednesday. The business has a 50 day moving average of $247.52 and a 200-day moving average of $192.43. The company has a market capitalization of $871.84 billion, a P/E ratio of 71.02, a P/E/G ratio of 3.26 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year 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.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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 return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. The company's revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced 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 currently 46.30%.

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.

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