Nova R Wealth Inc. Buys New Position in Oracle Corporation $ORCL

Key Points

• Nova R Wealth Inc. purchased a new stake in Oracle Corporation, acquiring 960 shares valued at approximately $210,000 during the second quarter.
• Oracle's most recent earnings report revealed earnings per share of $1.47, slightly missing analysts' expectations, with quarterly revenue totaling $14.93 billion.
• A quarterly dividend of $0.50 has been declared, representing an annualized dividend yield of 0.7%. The payout will be issued on October 23rd to investors of record on October 9th.

Nova R Wealth Inc. purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 960 shares of the enterprise software provider's stock, valued at approximately $210,000.

A number of other large investors have also modified their holdings of ORCL. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC increased its position in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the period. Legend Financial Advisors Inc. purchased a new position in Oracle in the 2nd quarter worth $34,000. Finally, Graybill Wealth Management LTD. acquired a new stake in Oracle during the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

ORCL opened at $283.29 on Monday. The firm has a fifty day moving average price of $258.19 and a 200 day moving average price of $201.16. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The stock has a market cap of $805.03 billion, a P/E ratio of 65.58, a P/E/G ratio of 3.05 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.93 billion during 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 firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued 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 yield of 0.7%. Oracle's dividend payout ratio is presently 46.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORCL. Berenberg Bank raised their price objective on Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a research note on Monday, September 15th. JMP Securities reissued a "market outperform" rating and set a $342.00 price target on shares of Oracle in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $304.71.

Insider Activity at Oracle

In other news, 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 112,092 shares of company stock valued at $32,960,165 in the last ninety days. 42.20% of the stock is currently owned by company insiders.

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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