Creative Capital Management Investments LLC raised its holdings in Oracle Corporation (NYSE:ORCL – Free Report) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 798 shares of the enterprise software provider’s stock after acquiring an additional 43 shares during the period. Creative Capital Management Investments LLC’s holdings in Oracle were worth $174,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC increased its holdings in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after buying an additional 151 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Insiders Place Their Bets
In other news, Director Naomi O. Seligman sold 2,222 shares of the firm’s stock in a transaction 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 sale, the director directly owned 29,225 shares in the company, valued at approximately $8,443,394.75. This trade represents a 7.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Parrett sold 11,500 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the sale, the director owned 17,764 shares in the company, valued at $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,314 shares of company stock worth $31,272,223. 42.20% of the stock is currently owned by insiders.
Oracle Stock Performance
Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly 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 net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the prior year, the business earned $1.39 EPS. The business’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. On average, research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Dividend Announcement
The company 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is presently 46.30%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ORCL. Wolfe Research raised their price target on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. The Goldman Sachs Group increased their price objective on shares of Oracle from $195.00 to $310.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a research report on Wednesday, June 18th. William Blair reaffirmed an “outperform” rating on shares of Oracle in a research report on Monday, September 22nd. Finally, Cowen reaffirmed a “buy” rating and set a $375.00 price objective on shares of Oracle in a research 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $304.71.
Check Out Our Latest Research Report on Oracle
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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