LMG Wealth Partners LLC Takes Position in Oracle Corporation $ORCL

Key Points

• LMG Wealth Partners LLC acquired a new position in Oracle Corporation by purchasing 1,267 shares valued at approximately $277,000 in the second quarter of 2023.
• Several hedge funds increased their stakes in Oracle during the same quarter, with a combined 42.44% of the stock now owned by institutional investors.
• Oracle recently reported quarterly earnings, posting $1.47 EPS, which slightly missed analysts' expectations, while announcing a dividend of $0.50 per share to be paid soon.

LMG Wealth Partners LLC bought a new position in Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,267 shares of the enterprise software provider's stock, valued at approximately $277,000.

Other hedge funds have also made changes to their positions in the company. Reyes Financial Architecture Inc. raised its position in Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock valued at $141,000 after acquiring an additional 43 shares in the last quarter. Creative Capital Management Investments LLC boosted its stake in Oracle by 5.7% during the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock worth $174,000 after buying an additional 43 shares in the last quarter. MFA Wealth Services boosted its stake in Oracle by 1.0% during the second quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider's stock worth $998,000 after buying an additional 43 shares in the last quarter. Davis Investment Partners LLC lifted its holdings in shares of Oracle by 0.7% during the second quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock valued at $1,517,000 after acquiring an additional 46 shares during the period. Finally, Acropolis Investment Management LLC lifted its holdings in shares of Oracle by 2.6% during the second quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider's stock valued at $404,000 after acquiring an additional 47 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research analyst reports. Citigroup reaffirmed a "buy" rating on shares of Oracle in a report on Friday, October 10th. Robert W. Baird started coverage on Oracle in a research note on Wednesday, October 8th. They issued an "outperform" rating and a $365.00 price target for the company. TD Cowen boosted their price objective on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Stephens upped their price target on Oracle from $208.00 to $331.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, BNP Paribas set a $377.00 price objective on Oracle in a report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $323.40.

Oracle Stock Performance

NYSE:ORCL opened at $291.95 on Monday. The stock's 50-day simple moving average is $271.71 and its 200 day simple moving average is $216.40. The firm has a market capitalization of $832.28 billion, a PE ratio of 67.58, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53. 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 Corporation has a twelve month low of $118.86 and a twelve month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS 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 for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The business'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. On average, analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. 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 dividend payout ratio (DPR) is currently 46.30%.

Insider Buying and Selling at Oracle

In related news, insider Michael D. Sicilia sold 33,845 shares of the company's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction on 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 completion of the transaction, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,769 shares of company stock worth $36,428,967 in the last ninety days. 40.90% of the stock is currently owned by corporate insiders.

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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