Three Bridge Wealth Advisors LLC Decreases Stake in Oracle Corporation $ORCL

Key Points

• Three Bridge Wealth Advisors LLC has decreased its stake in Oracle Corporation by 13.9%, holding 13,615 shares worth approximately $2,977,000 as of the second quarter.
• During the same period, several hedge funds like Merit Financial Group LLC and JSF Financial LLC increased their positions in Oracle, reflecting ongoing interest from institutional investors as they collectively own 42.44% of the stock.
• Oracle's latest quarterly earnings were $1.47 EPS, missing analyst estimates, with revenue reported at $14.93 billion against expectations of $15.04 billion.

Three Bridge Wealth Advisors LLC trimmed its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 13.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,615 shares of the enterprise software provider's stock after selling 2,190 shares during the period. Oracle accounts for about 0.8% of Three Bridge Wealth Advisors LLC's holdings, making the stock its 25th biggest holding. Three Bridge Wealth Advisors LLC's holdings in Oracle were worth $2,977,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. JSF Financial LLC grew its stake in Oracle by 3.1% during the 2nd quarter. JSF Financial LLC now owns 2,681 shares of the enterprise software provider's stock valued at $586,000 after acquiring an additional 80 shares in the last quarter. Merit Financial Group LLC grew its stake in Oracle by 35.0% during the 2nd quarter. Merit Financial Group LLC now owns 73,873 shares of the enterprise software provider's stock valued at $16,151,000 after acquiring an additional 19,139 shares in the last quarter. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Oracle by 6.8% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 6,223 shares of the enterprise software provider's stock worth $1,360,000 after purchasing an additional 395 shares during the last quarter. IVC Wealth Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $291,000. Finally, Beacon Financial Advisory LLC boosted its holdings in shares of Oracle by 24.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 5,974 shares of the enterprise software provider's stock worth $1,306,000 after purchasing an additional 1,191 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 0.9%

NYSE ORCL opened at $286.23 on Friday. The firm's 50-day moving average is $262.53 and its two-hundred day moving average is $205.48. 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 $815.99 billion, a P/E ratio of 66.26, a PEG ratio of 3.08 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (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 analysts' expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle's revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. 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 company 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 is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Cantor Fitzgerald lifted their price objective on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Oracle in a research note on Saturday, September 27th. Melius Research upped their price objective on shares of Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Barclays upped their price objective on shares of Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Finally, Bank of America upgraded shares of Oracle from a "neutral" rating to a "buy" rating and boosted their target price for the company from $295.00 to $368.00 in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $304.71.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was 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 in the company, valued at approximately $42,603,800.96. The trade was a 20.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,314 shares of company stock valued at $31,272,223. Corporate insiders own 42.20% of the company's stock.

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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