Precedent Wealth Partners LLC Purchases New Holdings in Oracle Corporation $ORCL

Precedent Wealth Partners LLC purchased a new stake in Oracle Corporation (NYSE:ORCL) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,379 shares of the enterprise software provider’s stock, valued at approximately $301,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC lifted 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 in the last quarter. Legend Financial Advisors Inc. purchased a new position in Oracle in the 2nd quarter worth approximately $34,000. Finally, HighMark Wealth Management LLC purchased a new position in Oracle in the 2nd quarter worth approximately $38,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,222 shares of Oracle 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 sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rona Alison Fairhead bought 480 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 104,314 shares of company stock worth $31,272,223 in the last three months. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.9%

Shares of NYSE ORCL opened at $286.23 on Friday. The company has a 50 day simple moving average of $262.53 and a 200-day simple moving average of $205.11. The company has a market capitalization of $815.99 billion, a P/E ratio of 66.26, a P/E/G ratio of 3.11 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. Oracle Corporation has a 1 year low of $118.86 and a 1 year 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 return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the prior year, the business earned $1.39 EPS. The firm’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, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is 46.30%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ORCL shares. Piper Sandler raised their target price on shares of Oracle from $270.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. William Blair reissued an “outperform” rating on shares of Oracle in a research note on Monday, September 22nd. Rothschild & Co Redburn started coverage on shares of Oracle in a research note on Thursday, September 25th. They issued a “sell” rating and a $175.00 target price on the stock. TD Cowen raised their target price on shares of Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, BMO Capital Markets set a $345.00 target price on shares of Oracle in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $304.71.

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.