Monetta Financial Services Inc. Increases Stock Holdings in Oracle Corporation $ORCL

Key Points

• Monetta Financial Services increased its stake in Oracle by 75% in Q2, adding 3,000 shares to hold 7,000 shares worth $1.53 million, which represents about 1.1% of Monetta's portfolio and is its 23rd largest holding.
• Company insiders have been net sellers recently — Director Jeffrey Berg sold 49,365 shares for ~$13.97 million and Director William Parrett sold 11,500 shares for ~$3.52 million, with insiders selling a total of 204,254 shares (~$60.23 million) over the past 90 days while insiders still own 40.9% of the stock.
• Wall Street consensus is a Moderate Buy with an average price target of $323.69, compared with a recent open of $226.66 and a 12-month trading range of $118.86–$345.72.

Monetta Financial Services Inc. increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 75.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,000 shares of the enterprise software provider's stock after acquiring an additional 3,000 shares during the quarter. Oracle makes up about 1.1% of Monetta Financial Services Inc.'s portfolio, making the stock its 23rd biggest holding. Monetta Financial Services Inc.'s holdings in Oracle were worth $1,530,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ORCL. LGT Financial Advisors LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $33,000. Legend Financial Advisors Inc. acquired a new stake in shares of Oracle in the 2nd quarter worth $34,000. HighMark Wealth Management LLC purchased a new position in shares of Oracle during the 2nd quarter worth $38,000. Moser Wealth Advisors LLC grew its holdings in shares of Oracle by 1,770.0% in the second quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider's stock valued at $41,000 after purchasing an additional 177 shares during the period. Finally, Orion Capital Management LLC grew its holdings in shares of Oracle by 32.2% in the second quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider's stock valued at $42,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In other news, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director directly owned 151,999 shares of the company's stock, valued at approximately $43,018,756.98. This represents a 24.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William G. Parrett sold 11,500 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares of the company's stock, valued at $5,435,784. This represents a 39.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 204,254 shares of company stock valued at $60,227,807 over the last ninety days. 40.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Redburn Partners set a $175.00 price target on shares of Oracle in a report on Thursday, September 25th. Cowen reaffirmed a "buy" rating on shares of Oracle in a research note on Friday, October 17th. JMP Securities reissued a "market outperform" rating and issued a $342.00 price target on shares of Oracle in a research note on Friday, October 17th. Bank of America upgraded Oracle from a "neutral" rating to a "buy" rating and upped their price target for the stock from $295.00 to $368.00 in a research note on Wednesday, September 10th. Finally, Morgan Stanley lifted their price objective on Oracle from $246.00 to $320.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $323.69.

Oracle Price Performance

ORCL stock opened at $226.66 on Thursday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. 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 company has a market capitalization of $646.16 billion, a P/E ratio of 52.47, a PEG ratio of 2.96 and a beta of 1.51. The business has a 50 day simple moving average of $279.89 and a 200-day simple moving average of $232.67.

Oracle (NYSE:ORCL - Get Free Report) 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). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter last year, the company posted $1.39 EPS. Oracle's quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, October 9th. Oracle's payout ratio is 46.30%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.