Parcion Private Wealth LLC Purchases 1,029 Shares of Oracle Corporation $ORCL

Key Points

• Parcion Private Wealth LLC increased its stake in Oracle Corporation by 1.6% during the 2nd quarter, now owning 65,584 shares worth approximately $14.34 million.
• Oracle reported earnings of $1.47 per share for the recent quarter, slightly missing analysts' estimates, with revenues of $14.93 billion, a year-over-year increase of 12.2%.
• The company declared a quarterly dividend of $0.50 per share payable on October 23, representing an annualized dividend yield of 0.7%.

Parcion Private Wealth LLC raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,584 shares of the enterprise software provider's stock after buying an additional 1,029 shares during the quarter. Oracle comprises about 0.7% of Parcion Private Wealth LLC's holdings, making the stock its 24th largest position. Parcion Private Wealth LLC's holdings in Oracle were worth $14,339,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. LGT Financial Advisors LLC bought a new stake in shares of Oracle in the second quarter valued at $33,000. Legend Financial Advisors Inc. bought a new stake in shares of Oracle in the second quarter valued at $34,000. HighMark Wealth Management LLC bought a new stake in shares of Oracle in the second quarter valued at $38,000. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the 1st quarter worth about $27,000. Finally, Iron Horse Wealth Management LLC lifted its holdings 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 purchasing an additional 151 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of NYSE ORCL opened at $275.12 on Wednesday. The firm has a market capitalization of $784.31 billion, a P/E ratio of 63.69, a P/E/G ratio of 2.97 and a beta of 1.53. 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 stock's 50-day simple moving average is $272.62 and its two-hundred day simple moving average is $217.84. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its 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). The business 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%.Oracle's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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 given 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 0.7%. Oracle's dividend payout ratio is 46.30%.

Insider Activity

In other news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction dated 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 transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This represents a 21.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the transaction, the director owned 29,225 shares in the company, valued at $8,443,394.75. This trade represents a 7.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 120,769 shares of company stock worth $36,428,967. 40.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ORCL shares. Rothschild Redb raised Oracle to a "strong sell" rating in a report on Thursday, September 25th. Baird R W raised Oracle to a "strong-buy" rating in a report on Wednesday, October 8th. Stephens increased their price objective on Oracle from $208.00 to $331.00 and gave the stock an "equal weight" rating in a report on Friday, October 17th. Cantor Fitzgerald increased their price objective on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Finally, Citigroup reissued a "buy" rating on shares of Oracle in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $323.69.

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.

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