Oppenheimer Asset Management Inc. Lowers Position in Oracle Corporation $ORCL

Oppenheimer Asset Management Inc. decreased its position in Oracle Corporation (NYSE:ORCL) by 9.1% during the 2nd quarter, Holdings Channel reports. The fund owned 329,457 shares of the enterprise software provider’s stock after selling 32,980 shares during the quarter. Oracle comprises about 0.8% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 17th biggest position. Oppenheimer Asset Management Inc.’s holdings in Oracle were worth $72,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Reyes Financial Architecture Inc. boosted its holdings in shares of Oracle by 7.2% in the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 43 shares in the last quarter. Creative Capital Management Investments LLC boosted its holdings in shares of Oracle by 5.7% in the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after acquiring an additional 43 shares in the last quarter. MFA Wealth Services boosted its holdings in Oracle by 1.0% during the second quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider’s stock worth $998,000 after buying an additional 43 shares in the last quarter. Bogart Wealth LLC raised its position in Oracle by 0.4% during the second quarter. Bogart Wealth LLC now owns 11,465 shares of the enterprise software provider’s stock worth $2,507,000 after acquiring an additional 43 shares during the last quarter. Finally, Washington Trust Advisors Inc. raised its position in Oracle by 1.9% during the second quarter. Washington Trust Advisors Inc. now owns 2,385 shares of the enterprise software provider’s stock worth $521,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $283.45 on Friday. The firm has a market capitalization of $808.05 billion, a P/E ratio of 65.61, a PEG ratio of 3.04 and a beta of 1.53. The firm has a fifty day moving average of $274.59 and a 200-day moving average of $221.04. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.

Oracle (NYSE:ORCL) last announced its 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 firm had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. Oracle’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were paid a $0.50 dividend. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio is 46.30%.

Insiders Place Their Bets

In other news, EVP Stuart Levey sold 19,758 shares of the company’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the transaction, the executive vice president directly owned 18,429 shares in the company, valued at approximately $5,528,700. This represents a 51.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the 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 transaction, the insider 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 170,769 shares of company stock valued at $50,297,667. Corporate insiders own 40.90% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research reports. BNP Paribas set a $377.00 target price on shares of Oracle in a research report on Wednesday, September 10th. Stifel Nicolaus lifted their target price on shares of Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Stephens lifted their target price on shares of Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a research report on Friday, October 17th. Weiss Ratings lowered shares of Oracle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Finally, Robert W. Baird initiated coverage on shares of Oracle in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $365.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

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.