Presilium Private Wealth LLC trimmed its position in Oracle Corporation (NYSE:ORCL – Free Report) by 13.5% during the second quarter, HoldingsChannel.com reports. The fund owned 1,466 shares of the enterprise software provider’s stock after selling 229 shares during the period. Presilium Private Wealth LLC’s holdings in Oracle were worth $321,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after acquiring an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. raised its position in shares of Oracle by 4.3% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock valued at $7,179,000 after acquiring an additional 2,110 shares during the period. Cascade Investment Group Inc. acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $239,000. Lockerman Financial Group Inc. acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $328,000. Finally, Elser Financial Planning Inc acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $1,066,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares of the company’s stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the transaction, the insider directly owned 78,000 shares of the company’s stock, valued at $23,174,580. This represents a 21.40% 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 over the last three months. Corporate insiders own 40.90% of the company’s stock.
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 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.Oracle’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. 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 EPS for the current fiscal year.
Oracle Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is currently 46.30%.
Analyst Upgrades and Downgrades
Several analysts have commented on ORCL shares. BMO Capital Markets set a $345.00 target price on shares of Oracle in a report on Wednesday, September 10th. Wolfe Research raised their target price on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Cowen restated a “buy” rating and set a $375.00 target price on shares of Oracle in a report on Wednesday, September 10th. DA Davidson raised their target price on shares of Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Robert W. Baird started coverage on shares of Oracle in a report on Wednesday. They set an “outperform” rating and a $365.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $306.71.
Check Out Our Latest Stock Analysis on ORCL
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.
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