Oracle Corporation $ORCL Shares Acquired by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC has increased its stake in Oracle Corporation by 4.5%, now holding 112,577 shares valued at approximately $24.6 million.
• Oracle recently announced a quarterly dividend of $0.50 per share, with an annualized yield of 0.7%, to be paid on October 23rd.
• Several analysts have given Oracle a "buy" rating, with target prices ranging from $350 to $400, indicating strong market optimism about the company's performance.

Apollon Wealth Management LLC increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 4.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,577 shares of the enterprise software provider's stock after acquiring an additional 4,799 shares during the quarter. Apollon Wealth Management LLC's holdings in Oracle were worth $24,613,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ORCL. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC grew its holdings 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 worth $29,000 after acquiring an additional 151 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Oracle in the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Oracle in the 2nd quarter worth $38,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of the business's stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the sale, the director owned 29,225 shares of the company's stock, valued at $8,443,394.75. The trade was a 7.07% decrease in their ownership of the stock. The sale 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 business's 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 completion of the sale, the director directly 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. Insiders sold 104,314 shares of company stock worth $31,272,223 over the last ninety days. 40.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ORCL shares. Citigroup restated a "buy" rating on shares of Oracle in a report on Friday. Cantor Fitzgerald lifted their price target on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Stifel Nicolaus lifted their price target on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Evercore ISI lifted their price target on Oracle from $340.00 to $350.00 and gave the company an "outperform" rating in a report on Friday. Finally, TD Cowen lifted their price target on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $306.71.

Oracle Price Performance

ORCL opened at $293.04 on Friday. The stock has a market cap of $835.40 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.20 and a beta of 1.53. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. 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 stock has a fifty day moving average price of $266.69 and a 200 day moving average price of $209.86.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results 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). 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 analyst estimates of $15.04 billion. During the same period in the prior year, the firm earned $1.39 EPS. Oracle's quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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 of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle's payout ratio is currently 46.30%.

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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