Perigon Wealth Management LLC Reduces Stake in Oracle Corporation $ORCL

Perigon Wealth Management LLC cut its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,202 shares of the enterprise software provider's stock after selling 1,361 shares during the quarter. Perigon Wealth Management LLC's holdings in Oracle were worth $6,166,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Maridea Wealth Management LLC acquired a new stake in shares of Oracle in the second quarter worth $754,000. Magnus Financial Group LLC grew its position in Oracle by 12.9% during the 2nd quarter. Magnus Financial Group LLC now owns 8,113 shares of the enterprise software provider's stock worth $1,774,000 after purchasing an additional 924 shares during the period. TigerOak Management L.L.C. raised its stake in shares of Oracle by 17.6% during the 2nd quarter. TigerOak Management L.L.C. now owns 1,797 shares of the enterprise software provider's stock valued at $393,000 after buying an additional 269 shares during the last quarter. Plancorp LLC raised its stake in shares of Oracle by 9.9% during the 2nd quarter. Plancorp LLC now owns 11,663 shares of the enterprise software provider's stock valued at $2,550,000 after buying an additional 1,051 shares during the last quarter. Finally, Motive Wealth Advisors lifted its holdings in shares of Oracle by 14.9% in the 2nd quarter. Motive Wealth Advisors now owns 1,744 shares of the enterprise software provider's stock valued at $381,000 after buying an additional 226 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. Barclays raised their target price on Oracle from $221.00 to $281.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Rothschild & Co Redburn assumed coverage on shares of Oracle in a research note on Thursday. They set a "sell" rating and a $175.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. DA Davidson increased their price target on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Finally, Mizuho raised their price target on shares of Oracle from $300.00 to $350.00 and gave the company an "outperform" rating 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $298.06.

Insider Transactions at Oracle

In related news, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. The trade was a 39.30% 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, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 112,092 shares of company stock valued at $32,960,165. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE:ORCL opened at $291.28 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $827.73 billion, a PE ratio of 67.43, a P/E/G ratio of 3.33 and a beta of 1.46. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a fifty day moving average of $257.43 and a two-hundred day moving average of $199.48.

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 (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter last year, the business earned $1.39 EPS. The firm's revenue for the quarter 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, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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