Melfa Wealth Management Inc. Makes New $309,000 Investment in Oracle Corporation $ORCL

Key Points

• Melfa Wealth Management Inc. has made a new investment of approximately $309,000 in Oracle Corporation by purchasing 1,412 shares during the second quarter.
• Oracle reported a quarterly revenue of $14.93 billion, which missed analysts' expectations, and had a return on equity of 72.93%.
• The company also declared a quarterly dividend of $0.50, set to be paid out on October 23rd, representing an annualized yield of 0.7%.

Melfa Wealth Management Inc. purchased a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,412 shares of the enterprise software provider's stock, valued at approximately $309,000.

A number of other large investors have also bought and sold shares of the stock. Nuveen LLC purchased a new position in shares of Oracle during the first quarter valued at approximately $732,692,000. Vanguard Group Inc. boosted its position in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after purchasing an additional 3,513,464 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Oracle by 79.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock valued at $648,572,000 after purchasing an additional 2,049,687 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Oracle by 840.7% in the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider's stock worth $463,380,000 after acquiring an additional 1,894,157 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of ORCL opened at $282.68 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The business has a 50-day simple moving average of $258.97 and a two-hundred day simple moving average of $202.09. The stock has a market cap of $803.29 billion, a price-to-earnings ratio of 65.44, a PEG ratio of 3.05 and a beta of 1.46. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle's dividend payout ratio is presently 46.30%.

Insiders Place Their Bets

In related 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 transaction of $6,310,913.51. Following the completion of the sale, the insider owned 78,000 shares in the company, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William G. Parrett sold 11,500 shares of the 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 sale, the director owned 17,764 shares of the company's stock, valued at $5,435,784. This represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,092 shares of company stock valued at $32,960,165. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. Redburn Partners set a $175.00 target price on Oracle in a report on Thursday. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Wolfe Research upped their price objective on Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Jefferies Financial Group upped their price objective on Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Sanford C. Bernstein upped their price objective on Oracle from $363.00 to $364.00 and gave the company an "outperform" rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average price target of $304.71.

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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