Connors Investor Services Inc. Lowers Stake in Oracle Corporation $ORCL

Key Points

• Connors Investor Services Inc. has reduced its stake in Oracle Corporation by 23.2%, now holding 71,354 shares valued at approximately $15.6 million.
• Insider selling has been significant, with Stuart Levey and Clayton M. Magouyrk selling a combined over 40,000 shares recently, reflecting substantial decreases in their ownership.
• Research analysts have shown a bullish outlook on Oracle, with multiple firms setting price targets between $355 and $400, indicating a strong buy sentiment.

Connors Investor Services Inc. lowered its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 23.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 71,354 shares of the enterprise software provider's stock after selling 21,525 shares during the period. Oracle makes up approximately 1.4% of Connors Investor Services Inc.'s investment portfolio, making the stock its 26th largest position. Connors Investor Services Inc.'s holdings in Oracle were worth $15,600,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Reyes Financial Architecture Inc. boosted its position in Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock valued at $141,000 after buying an additional 43 shares during the period. Creative Capital Management Investments LLC lifted its position in shares of Oracle by 5.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock worth $174,000 after purchasing an additional 43 shares during the last quarter. MFA Wealth Services lifted its position in shares of Oracle by 1.0% during the 2nd quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider's stock worth $998,000 after purchasing an additional 43 shares during the last quarter. Bogart Wealth LLC raised its stake in Oracle by 0.4% during the 2nd 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 in the last quarter. Finally, Davis Investment Partners LLC raised its stake in Oracle by 0.7% during the 2nd quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock worth $1,517,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, EVP Stuart Levey sold 19,758 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 18,429 shares of the company's stock, valued at $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 is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 78,000 shares in the company, valued at $23,174,580. This trade represents a 21.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,769 shares of company stock valued at $36,428,967. 40.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Cantor Fitzgerald lifted their price target 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. Evercore ISI lifted their price objective on shares of Oracle from $350.00 to $385.00 and gave the company an "outperform" rating in a research note on Friday, October 17th. Baird R W upgraded shares of Oracle to a "strong-buy" rating in a research note on Wednesday, October 8th. BMO Capital Markets set a $355.00 price objective on shares of Oracle and gave the company an "outperform" rating in a research note on Monday, October 13th. Finally, BNP Paribas set a $377.00 price objective on shares of Oracle in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $323.69.

Oracle Trading Down 0.9%

Shares of ORCL opened at $272.81 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm's 50-day moving average is $273.18 and its two-hundred day moving average is $218.22. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The firm has a market capitalization of $777.71 billion, a P/E ratio of 63.15, a PEG ratio of 2.96 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last issued 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). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company's quarterly revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, research analysts predict 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. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio 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.

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