3,309 Shares in Oracle Corporation $ORCL Acquired by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new position in Oracle Corporation (NYSE:ORCL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,309 shares of the enterprise software provider’s stock, valued at approximately $723,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC increased its stake in Oracle by 284.9% in the 1st 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. Legend Financial Advisors Inc. acquired a new position in Oracle in the 2nd quarter valued at $34,000. Finally, Graybill Wealth Management LTD. acquired a new position in Oracle in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ORCL. TD Cowen boosted their price objective on shares of Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Piper Sandler boosted their price objective on shares of Oracle from $270.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Wolfe Research boosted their price objective on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Westpark Capital boosted their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.71.

Oracle Stock Performance

Shares of ORCL opened at $289.68 on Thursday. The company has a 50-day simple moving average of $260.78 and a 200-day simple moving average of $203.24. 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 company has a market capitalization of $825.83 billion, a PE ratio of 67.06, a P/E/G ratio of 3.03 and a beta of 1.53. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.

Oracle (NYSE:ORCL) last announced 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter in the prior year, the business earned $1.39 EPS. The business’s revenue for the quarter 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 predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the insider owned 132,656 shares in the company, valued at $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,314 shares of company stock worth $31,272,223. 42.20% 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.