Montz Harcus Wealth Management LLC Makes New Investment in Oracle Corporation $ORCL

Key Points

• Montz Harcus Wealth Management LLC purchased 931 shares of Oracle Corporation for approximately $204,000, marking a new investment in the company in the second quarter.
• Oracle reported earnings of $1.47 per share, slightly below estimates, along with revenue of $14.93 billion for the quarter, demonstrating a year-over-year increase of 12.2%.
• The company recently announced a quarterly dividend of $0.50 per share, set to be paid on October 23rd, representing a 0.7% yield.

Montz Harcus Wealth Management LLC purchased a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 931 shares of the enterprise software provider's stock, valued at approximately $204,000.

A number of other hedge funds also recently modified their holdings of the stock. New Century Financial Group LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $213,000. Two Point Capital Management Inc. bought a new stake in shares of Oracle in the 2nd quarter worth approximately $15,717,000. HighMark Wealth Management LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $38,000. Gray Private Wealth LLC raised its holdings in shares of Oracle by 2.3% in the 2nd quarter. Gray Private Wealth LLC now owns 6,713 shares of the enterprise software provider's stock worth $1,468,000 after purchasing an additional 148 shares during the period. Finally, DHJJ Financial Advisors Ltd. raised its holdings in shares of Oracle by 21.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 2,109 shares of the enterprise software provider's stock worth $461,000 after purchasing an additional 367 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Stock Down 0.9%

Shares of NYSE:ORCL opened at $286.23 on Friday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The firm has a fifty day moving average of $262.53 and a 200 day moving average of $205.11. The firm has a market capitalization of $815.99 billion, a PE ratio of 66.26, a price-to-earnings-growth ratio of 3.11 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The firm'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. As a group, research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal 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 $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle's payout ratio is 46.30%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's 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 sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction on Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the transaction, the director owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 104,314 shares of company stock valued at $31,272,223 in the last three months. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada lifted their price target 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. Berenberg Bank boosted their target price on shares of Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a report on Monday, September 15th. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. Mizuho boosted their target price on shares of Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Finally, Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and boosted their target price for the company from $295.00 to $368.00 in a report on Wednesday, September 10th. 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 given a Sell rating to the company's stock. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $304.71.

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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