King Wealth Management Group Sells 1,190 Shares of Oracle Corporation $ORCL

King Wealth Management Group lowered its stake in Oracle Corporation (NYSE:ORCL) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,444 shares of the enterprise software provider’s stock after selling 1,190 shares during the quarter. Oracle accounts for 1.0% of King Wealth Management Group’s portfolio, making the stock its 24th largest position. King Wealth Management Group’s holdings in Oracle were worth $7,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ORCL. LGT Financial Advisors LLC purchased a new stake in Oracle during the second quarter valued at $33,000. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle during the 2nd quarter valued at about $34,000. HighMark Wealth Management LLC bought a new position in shares of Oracle in the 2nd quarter worth approximately $38,000. Moser Wealth Advisors LLC grew its position in Oracle by 1,770.0% during the second 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 during the period. Finally, Orion Capital Management LLC increased its holdings in Oracle by 32.2% during the second quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider’s stock valued at $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 Transactions at Oracle

In other news, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the sale, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the transaction, the chief executive officer owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. This trade represents a 20.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 204,254 shares of company stock worth $60,227,807 in the last ninety days. Company insiders own 40.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORCL. Berenberg Bank lifted their price target on shares of Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a research note on Monday, September 15th. Mizuho raised their price objective on Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Cantor Fitzgerald raised their price objective on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Scotiabank raised their target price on shares of Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Sanford C. Bernstein lifted their price objective on Oracle from $363.00 to $364.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

Oracle Stock Down 4.1%

ORCL opened at $217.68 on Friday. The company has a fifty day moving average of $279.79 and a two-hundred day moving average of $232.56. The stock has a market capitalization of $620.56 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 2.96 and a beta of 1.51. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL) last posted its 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). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter last year, the business earned $1.39 earnings per share. Oracle’s 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 expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Oracle’s dividend payout ratio (DPR) is 46.30%.

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.