Patriot Financial Group Insurance Agency LLC Raises Stock Position in Oracle Corporation $ORCL

Key Points

• Patriot Financial Group Insurance Agency LLC increased its stake in Oracle Corporation by 21.1% in the second quarter, now owning 22,706 shares valued at approximately $4.96 million.
• Analysts have issued a mixed bag of ratings on Oracle, with two "Strong Buy," twenty-five "Buy," nine "Hold," and two "Sell," setting an average target price of $304.71.
• Oracle announced a quarterly dividend of $0.50 per share, reflecting a 0.7% yield based on the recent share price, scheduled for payment on October 23rd.

Patriot Financial Group Insurance Agency LLC increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 21.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,706 shares of the enterprise software provider's stock after acquiring an additional 3,959 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Oracle were worth $4,964,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ORCL. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC grew its holdings in shares of Oracle by 284.9% during the first 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 in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle during the second quarter worth $34,000. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of Oracle during the first quarter worth $39,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Roth Capital reissued a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. DA Davidson boosted their price target on shares of Oracle from $220.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Finally, Citigroup reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $304.71.

Insider Buying and Selling at Oracle

In other news, 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 transaction of $641,958.02. Following the sale, the director owned 29,225 shares of the company's stock, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider directly owned 78,000 shares in the company, valued at $23,174,580. This represents a 21.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,314 shares of company stock valued at $31,272,223. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 0.1%

NYSE ORCL opened at $289.18 on Friday. The firm's 50-day moving average is $261.71 and its two-hundred day moving average is $204.17. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $824.39 billion, a P/E ratio of 66.94, a PEG ratio of 3.11 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last posted 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). The company had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, sell-side 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. Stockholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend 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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