Triton Wealth Management PLLC Buys New Position in Oracle Corporation $ORCL

Key Points

• Triton Wealth Management PLLC has acquired a new position in Oracle Corporation during the 2nd quarter, purchasing 5,679 shares valued at approximately $1.38 million, making Oracle the firm's 21st largest holding.
• Several hedge funds have increased their stakes in Oracle, with Nuveen LLC investing $732.69 million and Assenagon Asset Management S.A. raising its stake by 840.7% during the 2nd quarter.
• Analysts have raised their price targets for Oracle, with price targets now ranging from $210 to $364, reflecting confidence in the company's future performance within the enterprise software sector.

Triton Wealth Management PLLC bought a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,679 shares of the enterprise software provider's stock, valued at approximately $1,379,000. Oracle makes up approximately 0.6% of Triton Wealth Management PLLC's investment portfolio, making the stock its 21st largest holding.

Several other hedge funds also recently modified their holdings of ORCL. Nuveen LLC bought a new stake in shares of Oracle in the 1st quarter valued at $732,692,000. Vanguard Group Inc. raised its stake in Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after buying an additional 3,513,464 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Oracle during the 2nd quarter worth approximately $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Oracle by 79.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after buying an additional 2,049,687 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Oracle by 840.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider's stock worth $463,380,000 after buying an additional 1,894,157 shares during the period. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORCL. Barclays upped their price target on Oracle from $221.00 to $281.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Piper Sandler upped their price target on Oracle from $270.00 to $330.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Stifel Nicolaus upped their price target on Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. upped their price target on Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Finally, UBS Group set a $364.00 price objective on Oracle in a report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $307.00.

Oracle Stock Performance

Shares of ORCL opened at $299.33 on Wednesday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market capitalization of $853.32 billion, a price-to-earnings ratio of 69.29, a price-to-earnings-growth ratio of 3.31 and a beta of 1.53. 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's 50-day simple moving average is $268.67 and its 200 day simple moving average is $212.52.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter last year, the business posted $1.39 EPS. The company's quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's payout ratio is currently 46.30%.

Insider Activity at Oracle

In related news, insider Michael D. Sicilia sold 33,845 shares of the business's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the sale, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,769 shares of company stock worth $36,428,967 over the last 90 days. 40.90% of the stock is owned by insiders.

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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