Chronos Wealth Management LLC Invests $232,000 in Oracle Corporation $ORCL

Key Points

• Chronos Wealth Management LLC has invested approximately $232,000 in Oracle Corporation by acquiring 1,060 shares of the enterprise software provider's stock in Q2.
• A variety of large institutional investors have recently increased their holdings in Oracle, with Canoe Financial LP notably growing its stake by 314.8% in the same quarter.
• Following recent earnings results, Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS, indicating a focus on future growth despite missing consensus estimates in the previous quarter.

Chronos Wealth Management LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,060 shares of the enterprise software provider's stock, valued at approximately $232,000.

A number of other large investors have also modified their holdings of ORCL. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Oracle by 71.6% in the first 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 purchasing an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. grew its holdings in shares of Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock valued at $7,179,000 after purchasing an additional 2,110 shares during the period. Canoe Financial LP grew its holdings in shares of Oracle by 314.8% in the second quarter. Canoe Financial LP now owns 484,098 shares of the enterprise software provider's stock valued at $105,838,000 after purchasing an additional 367,400 shares during the period. Strs Ohio purchased a new stake in shares of Oracle in the first quarter valued at about $108,572,000. Finally, CBM Financial LLC purchased a new stake in shares of Oracle in the first quarter valued at about $356,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ORCL shares. BNP Paribas set a $377.00 price objective on shares of Oracle in a report on Wednesday, September 10th. Morgan Stanley increased their target price on shares of Oracle from $246.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Oracle in a research note on Thursday, September 11th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and increased their target price for the stock from $295.00 to $368.00 in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $305.75.

Insider Buying and Selling at Oracle

In other news, 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 sale, the insider owned 132,656 shares of the company's stock, valued at approximately $42,603,800.96. This represents a 20.33% 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 the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,092 shares of company stock valued at $32,960,165. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Down 4.0%

Shares of ORCL opened at $314.90 on Wednesday. The stock has a market capitalization of $894.84 billion, a PE ratio of 72.89, a P/E/G ratio of 3.55 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year 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. The company's 50-day simple moving average is $255.23 and its 200-day simple moving average is $197.74.

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 (EPS) 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 analyst estimates of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio is currently 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.

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