Oracle Corporation $ORCL Shares Purchased by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors LLC significantly increased its stake in Oracle Corporation by 1,219.4%, owning 45,941 shares valued at approximately $10.8 million by the end of the second quarter.
• Wall Street analysts are generally optimistic about Oracle, with multiple firms raising their price targets to between $210.00 and $375.00, suggesting a positive outlook for the company's growth.
• Oracle recently announced a quarterly dividend of $0.50 per share, which will be paid on October 23rd, representing an annual yield of 0.6%.

Foster Victor Wealth Advisors LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1,219.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,941 shares of the enterprise software provider's stock after purchasing an additional 42,459 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Oracle were worth $10,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC increased its stake in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the period. Graybill Wealth Management LTD. acquired a new position in Oracle in the 1st quarter worth $39,000. Finally, Operose Advisors LLC boosted its position in Oracle by 50.2% in the 1st quarter. Operose Advisors LLC now owns 314 shares of the enterprise software provider's stock valued at $44,000 after buying an additional 105 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Guggenheim boosted their price target on Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Cowen reiterated a "buy" rating and set a $375.00 target price on shares of Oracle in a research note on Wednesday, September 10th. DA Davidson lifted their price target on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Two investment 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. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $305.75.

Oracle Stock Performance

Shares of NYSE ORCL opened at $314.90 on Wednesday. The stock has a market capitalization of $894.84 billion, a P/E ratio of 72.89, a P/E/G ratio of 3.55 and a beta of 1.46. The firm's 50-day moving average price is $255.23 and its two-hundred day moving average price is $197.74. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

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 (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's payout ratio is presently 46.30%.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 21,241 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rona Alison Fairhead purchased 480 shares of Oracle 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 transaction, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 112,092 shares of company stock valued at $32,960,165 in the last ninety days. Insiders own 42.20% of the company's stock.

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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