Simplicity Wealth LLC Acquires 23,668 Shares of Oracle Corporation $ORCL

Key Points

• Simplicity Wealth LLC has increased its holdings in Oracle Corporation by 92.1%, acquiring an additional 23,668 shares to total 49,358 shares valued at $10,791,000.
• Several other hedge funds have also increased their stakes in Oracle, with OLD National Bancorp IN boosting its stake by 132.4%, now holding 67,683 shares worth $14,798,000.
• Oracle plans to pay a quarterly dividend of $0.50 on October 23rd, translating to an annualized dividend yield of 0.7% with a payout ratio of 46.30%.

Simplicity Wealth LLC raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 92.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,358 shares of the enterprise software provider's stock after purchasing an additional 23,668 shares during the period. Simplicity Wealth LLC's holdings in Oracle were worth $10,791,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ORCL. OLD National Bancorp IN boosted its stake in shares of Oracle by 132.4% in the second quarter. OLD National Bancorp IN now owns 67,683 shares of the enterprise software provider's stock valued at $14,798,000 after buying an additional 38,560 shares during the period. Olistico Wealth LLC raised its holdings in Oracle by 34.2% in the 2nd quarter. Olistico Wealth LLC now owns 1,024 shares of the enterprise software provider's stock valued at $224,000 after acquiring an additional 261 shares in the last quarter. Sutton Place Investors LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $272,000. Wealthcare Capital Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter worth $323,000. Finally, Wealthcare Advisory Partners LLC raised its stake in Oracle by 5.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 40,375 shares of the enterprise software provider's stock valued at $8,827,000 after purchasing an additional 2,034 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Rona Alison Fairhead bought 480 shares of the firm's stock in a transaction on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the transaction, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the director owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock valued at $31,272,223 over the last three months. Insiders own 42.20% of the company's stock.

Oracle Trading Down 0.9%

Shares of NYSE ORCL opened at $286.23 on Friday. The firm has a 50 day moving average price of $262.53 and a two-hundred day moving average price of $205.48. The stock has a market cap of $815.99 billion, a P/E ratio of 66.26, a price-to-earnings-growth ratio of 3.08 and a beta of 1.53. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

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 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%.The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid 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 currently 46.30%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. KeyCorp lifted their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. UBS Group set a $364.00 target price on Oracle in a research note on Friday, September 26th. JPMorgan Chase & Co. lifted their price target on Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Finally, Westpark Capital boosted their price target on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $304.71.

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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