2,674 Shares in Oracle Corporation $ORCL Purchased by My Legacy Advisors LLC

Key Points

• My Legacy Advisors LLC invested approximately $628,000 in Oracle Corporation, acquiring 2,674 shares in the process during the 2nd quarter.
• Oracle is currently experiencing heightened interest from institutional investors, with 42.44% of its stock now held by them, indicating strong market confidence.
• Oracle recently declared a quarterly dividend of $0.50 per share, reflecting a 0.6% dividend yield, with an annualized payout of $2.00.

My Legacy Advisors LLC purchased a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,674 shares of the enterprise software provider's stock, valued at approximately $628,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ORCL. Nuveen LLC acquired a new position in shares of Oracle during the first quarter worth $732,692,000. GAMMA Investing LLC raised its position in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. grew its position in 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 purchased a new position in Oracle during the second quarter valued at approximately $731,512,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Oracle by 79.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after buying an additional 2,049,687 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William G. Parrett sold 11,500 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the transaction, the director owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,247 shares of company stock worth $22,090,505. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group set a $300.00 price objective on shares of Oracle in a research report on Wednesday, September 10th. Cantor Fitzgerald upped their price target on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Mizuho lifted their price objective on Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Finally, Westpark Capital increased their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $303.44.

Oracle Price Performance

NYSE ORCL traded up $12.56 during mid-day trading on Friday, hitting $309.18. The stock had a trading volume of 40,475,718 shares, compared to its average volume of 29,628,284. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a market cap of $878.60 billion, a price-to-earnings ratio of 71.57, a P/E/G ratio of 3.34 and a beta of 1.46. 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 company has a 50 day simple moving average of $251.63 and a 200 day simple moving average of $195.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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 paid a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. Oracle's payout ratio is currently 46.30%.

Oracle Company 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.