Conning Inc. Has $2.29 Million Stock Position in Oracle Corporation $ORCL

Conning Inc. decreased its position in Oracle Corporation (NYSE:ORCL) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,452 shares of the enterprise software provider’s stock after selling 316 shares during the period. Conning Inc.’s holdings in Oracle were worth $2,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions 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 Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC boosted 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 worth $29,000 after purchasing an additional 151 shares during the period. Legend Financial Advisors Inc. acquired a new position in Oracle in the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new position in Oracle in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ORCL shares. Evercore ISI upped their target price on shares of Oracle from $340.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group upped their target price on shares of Oracle from $195.00 to $310.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Barclays upped their target price on shares of Oracle from $221.00 to $281.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Redburn Partners set a $175.00 price objective on shares of Oracle in a research note on Thursday, September 25th. Finally, Roth Capital restated a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $306.71.

Oracle Stock Down 1.3%

Shares of ORCL stock opened at $293.04 on Friday. 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 firm’s 50-day moving average is $266.69 and its 200-day moving average is $209.86. The stock has a market cap of $835.40 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.20 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 issued its 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). The firm had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced 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 of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio is presently 46.30%.

Insider Activity

In other Oracle news, Director William G. Parrett sold 11,500 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares of the company’s stock, valued at $5,435,784. This represents a 39.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares in the company, valued at approximately $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. Insiders sold a total of 104,314 shares of company stock valued at $31,272,223 in the last 90 days. 40.90% of the stock is owned by company insiders.

Oracle 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.