Marks Group Wealth Management Inc Has $2.50 Million Stock Holdings in Oracle Corporation $ORCL

Key Points

• Marks Group Wealth Management Inc reduced its stake in Oracle Corporation by 12.3%, holding 11,432 shares valued at approximately $2.50 million after the sale.
• Oracle recently reported a quarterly earnings per share (EPS) of $1.47, missing analysts' expectations of $1.48, while the company's revenue increased by 12.2% year-over-year to $14.93 billion.
• The company declared a quarterly dividend of $0.50, reflecting an annualized dividend yield of 0.7%, with a payout ratio of 46.30%.

Marks Group Wealth Management Inc cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,432 shares of the enterprise software provider's stock after selling 1,607 shares during the period. Marks Group Wealth Management Inc's holdings in Oracle were worth $2,499,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC raised 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 worth $29,000 after acquiring an additional 151 shares during the period. Legend Financial Advisors Inc. acquired a new stake in shares of Oracle during the second quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in shares of Oracle during the second quarter worth $38,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 0.9%

Oracle stock opened at $286.23 on Monday. The company has a market cap of $815.99 billion, a P/E ratio of 66.26, a price-to-earnings-growth ratio of 3.08 and a beta of 1.53. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a fifty day simple moving average of $262.53 and a 200 day simple moving average of $205.85. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $15.04 billion. During the same period last year, the business earned $1.39 EPS. 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. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given 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 of this dividend is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is 46.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ORCL shares. Mizuho raised their price objective on shares of Oracle from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. Westpark Capital raised their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. BNP Paribas set a $377.00 price objective on shares of Oracle in a report on Wednesday, September 10th. Royal Bank Of Canada raised their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Finally, KeyCorp raised their target price on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $304.71.

Insider Activity

In other news, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction dated Friday, September 12th. The shares were 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 owned 17,764 shares of the company's stock, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,314 shares of company stock worth $31,272,223. Insiders own 40.90% of the company's stock.

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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