Meridian Financial LLC Acquires Shares of 1,395 Oracle Corporation $ORCL

Key Points

• Meridian Financial LLC has acquired a new stake in Oracle Corporation, purchasing 1,395 shares valued at approximately $305,000 during the second quarter.
• Insider activity included a significant sale by Michael D. Sicilia, who sold 33,845 shares for over $10.86 million, while Director Rona Fairhead bought 480 shares valued at about $112,258.
• Oracle recently announced a quarterly dividend of $0.50 per share, set to be paid on October 23rd, with an annualized dividend yield of 0.6%.

Meridian Financial LLC acquired a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,395 shares of the enterprise software provider's stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC purchased a new position in Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC boosted its position in 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 last quarter. Graybill Wealth Management LTD. acquired a new position in Oracle during the first quarter worth about $39,000. Finally, Operose Advisors LLC boosted its position in Oracle by 50.2% during the first quarter. Operose Advisors LLC now owns 314 shares of the enterprise software provider's stock worth $44,000 after acquiring an additional 105 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael D. Sicilia sold 33,845 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the transaction, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction dated Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 112,092 shares of company stock worth $32,960,165. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Down 1.6%

Shares of NYSE:ORCL opened at $308.86 on Thursday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company's 50 day moving average is $256.58 and its two-hundred day moving average is $198.50. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a market cap of $877.69 billion, a PE ratio of 71.50, a P/E/G ratio of 3.39 and a beta of 1.46.

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 analysts' expectations of $15.04 billion. During the same period in the prior year, the company posted $1.39 earnings per share. The company's revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. Oracle's dividend payout ratio is currently 46.30%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ORCL. Royal Bank Of Canada boosted their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Cowen restated a "buy" rating and set a $375.00 price target on shares of Oracle in a research report on Wednesday, September 10th. Berenberg Bank boosted their price target on shares of Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a research report on Monday, September 15th. TD Cowen lifted their target price on shares of Oracle from $325.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Finally, BNP Paribas set a $377.00 price target on shares of Oracle in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average price target of $305.75.

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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