Klingman & Associates LLC Raises Holdings in Oracle Corporation $ORCL

Key Points

• Klingman & Associates LLC increased its holdings in Oracle Corporation by 15.5%, owning 14,215 shares worth $3,108,000 by the end of the second quarter.
• Insider transactions saw Director William G. Parrett and EVP Stuart Levey selling a combined total of over 31,000 shares, reflecting significant decreases in their ownership stakes.
• Oracle's recent quarterly earnings reported a slight miss, with $1.47 EPS compared to an expected $1.48, despite a revenue increase of 12.2% year-over-year.

Klingman & Associates LLC increased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 15.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,215 shares of the enterprise software provider's stock after acquiring an additional 1,904 shares during the period. Klingman & Associates LLC's holdings in Oracle were worth $3,108,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new position in Oracle in the first quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC boosted its position in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the period. Legend Financial Advisors Inc. purchased a new position in shares of Oracle during the second quarter worth $34,000. Finally, HighMark Wealth Management LLC purchased a new position in shares of Oracle during the second quarter worth $38,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, Director William G. Parrett sold 11,500 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the sale, the director directly owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stuart Levey sold 19,758 shares of the firm'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 sale, the executive vice president 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 disclosure for this sale can be found here. Insiders sold 120,769 shares of company stock valued at $36,428,967 over the last 90 days. 40.90% of the stock is currently owned by corporate insiders.

Oracle Stock Down 4.9%

Shares of NYSE ORCL opened at $276.93 on Tuesday. The stock has a market cap of $789.47 billion, a P/E ratio of 64.10, a PEG ratio of 3.14 and a beta of 1.53. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The business's fifty day simple moving average is $272.19 and its 200-day simple moving average is $217.44.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm's revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts predict that Oracle Corporation will post 5 EPS 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 paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Melius Research raised their price target on Oracle from $270.00 to $370.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Redburn Partners set a $175.00 price target on Oracle in a research report on Thursday, September 25th. Piper Sandler raised their price target on Oracle from $330.00 to $380.00 and gave the stock an "overweight" rating in a research report on Friday. Bank of America upgraded Oracle from a "neutral" rating to a "buy" rating and raised their price target for the stock from $295.00 to $368.00 in a research report on Wednesday, September 10th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $320.00 price target on shares of Oracle in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus price target of $323.69.

Oracle Company 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.

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