Oracle Corporation $ORCL Shares Purchased by Richardson Financial Services Inc.

Key Points

• Richardson Financial Services Inc. significantly increased its stake in Oracle Corporation by 4,018.2% in Q2, acquiring a total of 2,265 shares valued at approximately $496,000.
• Oracle reported earnings of $1.47 EPS, falling short of analysts' expectations of $1.48, alongside a revenue of $14.93 billion compared to anticipated $15.04 billion.
• The company announced a quarterly dividend of $0.50 per share, equating to an annualized yield of 0.7%, to be paid on October 23rd for investors of record on October 9th.

Richardson Financial Services Inc. boosted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 4,018.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,265 shares of the enterprise software provider's stock after purchasing an additional 2,210 shares during the quarter. Richardson Financial Services Inc.'s holdings in Oracle were worth $496,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC increased its stake 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 stake in shares of Oracle in the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in shares of Oracle in the 2nd quarter worth $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of Oracle stock opened at $293.04 on Friday. The business has a 50-day moving average of $266.69 and a 200 day moving average of $209.86. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The stock has a market capitalization of $835.40 billion, a price-to-earnings ratio of 67.83, a price-to-earnings-growth ratio of 3.20 and a beta of 1.53. 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 announced its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter last year, the business earned $1.39 earnings per share. The business's revenue was up 12.2% compared to the same quarter last year. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is 46.30%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORCL. Berenberg Bank raised their target price on Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a research note on Monday, September 15th. Scotiabank reaffirmed an "outperform" rating on shares of Oracle in a research note on Wednesday, September 10th. Cantor Fitzgerald raised their target price on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Morgan Stanley increased their price target on Oracle from $246.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 23rd. Finally, Citigroup reiterated a "buy" rating on shares of Oracle in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $306.71.

Insider Transactions at Oracle

In related news, insider Michael D. Sicilia sold 33,845 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. This trade represents a 20.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the transaction, the director owned 17,764 shares of the company's stock, valued at $5,435,784. The trade was a 39.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,314 shares of company stock valued at $31,272,223. Insiders own 40.90% 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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