Kingdom Financial Group LLC. bought a new stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,018 shares of the enterprise software provider’s stock, valued at approximately $223,000.
A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. LGT Financial Advisors LLC bought a new stake in Oracle during the second quarter valued at about $33,000. Legend Financial Advisors Inc. bought a new position in Oracle in the second quarter worth about $34,000. HighMark Wealth Management LLC purchased a new stake in shares of Oracle during the second quarter valued at about $38,000. Moser Wealth Advisors LLC boosted its holdings in shares of Oracle by 1,770.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock valued at $41,000 after buying an additional 177 shares in the last quarter. Finally, Orion Capital Management LLC grew its position in shares of Oracle by 32.2% in the 2nd quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider’s stock worth $42,000 after buying an additional 47 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director directly owned 151,999 shares of the company’s stock, valued at approximately $43,018,756.98. This trade represents a 24.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 204,254 shares of company stock worth $60,227,807 in the last quarter. 40.90% of the stock is currently owned by corporate insiders.
Oracle Price 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 analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, October 9th. Oracle’s dividend payout ratio is 46.30%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Wolfe Research increased their target price on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Morgan Stanley upped their price target on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 23rd. DA Davidson increased their price objective on Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Erste Group Bank downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Barclays upped their target price on Oracle from $367.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $322.26.
Check Out Our Latest Stock Analysis on ORCL
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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