Rice Partnership LLC Purchases Shares of 1,416 Oracle Corporation $ORCL

Key Points

• Rice Partnership LLC bought 1,416 shares of Oracle Corporation for approximately $310,000 in the second quarter, reflecting a growing interest from institutional investors.
• Several research firms have upgraded their ratings on Oracle, with Jefferies Financial Group boosting its price target from $270 to $360 and maintaining a "buy" rating.
• Oracle announced a quarterly dividend of $0.50, with an annualized rate of $2.00, and a dividend yield of 0.7%, highlighting its solid return on investment for shareholders.

Rice Partnership LLC purchased a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,416 shares of the enterprise software provider's stock, valued at approximately $310,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in shares of Oracle in the second quarter valued at approximately $34,000. HighMark Wealth Management LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $38,000. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the first quarter valued at approximately $28,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORCL. Cowen reissued a "buy" rating and issued a $375.00 price objective on shares of Oracle in a research note on Wednesday, September 10th. Rothschild & Co Redburn started coverage on shares of Oracle in a research note on Thursday, September 25th. They issued a "sell" rating and a $175.00 price target for the company. Jefferies Financial Group lifted their price target on shares of Oracle from $270.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. The Goldman Sachs Group lifted their price target on shares of Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. Finally, Sanford C. Bernstein lifted their price target on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $306.43.

Insider Buying and Selling at Oracle

In other news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the transaction, the insider directly owned 132,656 shares of the company's stock, valued at $42,603,800.96. The trade was 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 on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the transaction, the director directly owned 17,764 shares in the company, valued at $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,314 shares of company stock valued at $31,272,223. Insiders own 40.90% of the company's stock.

Oracle Stock Up 1.5%

Shares of NYSE:ORCL opened at $288.48 on Thursday. The company has a market capitalization of $822.40 billion, a PE ratio of 66.78, a P/E/G ratio of 3.06 and a beta of 1.53. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The firm has a 50 day simple moving average of $264.86 and a 200-day simple moving average of $207.92.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

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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