Wallace Advisory Group LLC Purchases 1,659 Shares of Oracle Corporation $ORCL

Key Points

• Wallace Advisory Group LLC increased its stake in Oracle Corporation by 19.9%, acquiring an additional 1,659 shares, bringing their total holdings to 9,999 shares, valued at $2,186,000.
• Oracle's recent earnings report showed a miss in EPS estimates, reporting $1.47 against a consensus of $1.48, with revenue of $14.93 billion compared to a projected $15.04 billion.
• The company announced a quarterly dividend of $0.50 per share, with a yield of 0.7%, set to be paid on October 23rd to shareholders of record as of October 9th.

Wallace Advisory Group LLC boosted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 19.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,999 shares of the enterprise software provider's stock after acquiring an additional 1,659 shares during the period. Oracle accounts for 1.5% of Wallace Advisory Group LLC's investment portfolio, making the stock its 11th biggest position. Wallace Advisory Group LLC's holdings in Oracle were worth $2,186,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC increased its stake in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares during the period. LGT Financial Advisors LLC bought a new position in shares of Oracle during the second quarter valued at approximately $33,000. Finally, Legend Financial Advisors Inc. purchased a new stake in Oracle in the second quarter worth $34,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ORCL shares. Guggenheim boosted their price objective on shares of Oracle from $375.00 to $400.00 and gave the company a "buy" rating in a research report on Friday. JMP Securities reiterated a "market outperform" rating and set a $342.00 price target on shares of Oracle in a research report on Friday. Rothschild Redb upgraded shares of Oracle to a "strong sell" rating in a report on Thursday, September 25th. Stifel Nicolaus upped their target price on Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Morgan Stanley raised their target price on Oracle from $246.00 to $320.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $323.69.

Oracle Stock Performance

Shares of ORCL opened at $276.93 on Tuesday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock has a market cap of $789.47 billion, a P/E ratio of 64.10, a P/E/G ratio of 3.14 and a beta of 1.53. The business's 50 day moving average price is $272.19 and its 200-day moving average price is $217.44.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,222 shares of the business's stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the transaction, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. The trade was a 7.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the company's 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 completion of the transaction, the insider directly owned 78,000 shares in the company, valued at $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 120,769 shares of company stock valued at $36,428,967. 40.90% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.