Kingsview Wealth Management LLC Sells 172,961 Shares of Oracle Corporation $ORCL

Kingsview Wealth Management LLC reduced its holdings in shares of Oracle Corporation (NYSE:ORCLFree Report) by 51.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,460 shares of the enterprise software provider’s stock after selling 172,961 shares during the period. Kingsview Wealth Management LLC’s holdings in Oracle were worth $31,470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Xponance Inc. grew its holdings in shares of Oracle by 1.8% in the third quarter. Xponance Inc. now owns 406,544 shares of the enterprise software provider’s stock worth $114,336,000 after purchasing an additional 7,320 shares during the last quarter. DDD Partners LLC bought a new position in shares of Oracle in the fourth quarter worth approximately $1,677,000. William Blair Investment Management LLC grew its holdings in shares of Oracle by 28.6% in the third quarter. William Blair Investment Management LLC now owns 1,107,586 shares of the enterprise software provider’s stock worth $311,497,000 after purchasing an additional 246,243 shares during the last quarter. Meridian Wealth Management LLC grew its holdings in shares of Oracle by 6.6% in the third quarter. Meridian Wealth Management LLC now owns 50,712 shares of the enterprise software provider’s stock worth $14,262,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Oracle by 93.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 654,325 shares of the enterprise software provider’s stock worth $184,022,000 after purchasing an additional 315,454 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

NYSE:ORCL opened at $190.73 on Thursday. The stock has a market cap of $548.54 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 1.84 and a beta of 1.55. The firm’s fifty day simple moving average is $168.38 and its 200 day simple moving average is $178.27. Oracle Corporation has a twelve month low of $134.57 and a twelve month high of $345.72. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.66.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings results on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.08. The business had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.91 billion. Oracle had a net margin of 25.30% and a return on equity of 62.70%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. As a group, research analysts predict that Oracle Corporation will post 6.08 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Thursday, April 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $2.00 annualized dividend and a yield of 1.0%. Oracle’s dividend payout ratio (DPR) is currently 35.91%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ORCL shares. JPMorgan Chase & Co. upgraded shares of Oracle from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $230.00 to $210.00 in a report on Wednesday, March 11th. Guggenheim restated a “buy” rating and issued a $400.00 target price on shares of Oracle in a report on Friday, March 13th. Wedbush raised their target price on shares of Oracle from $225.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Jefferies Financial Group cut their target price on shares of Oracle from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Arete Research set a $255.00 target price on shares of Oracle and gave the stock a “buy” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.46.

Read Our Latest Analysis on Oracle

Oracle News Roundup

Here are the key news stories impacting Oracle this week:

Insider Buying and Selling

In other Oracle news, EVP Stuart Levey sold 15,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $176.19, for a total transaction of $2,642,850.00. Following the completion of the transaction, the executive vice president owned 3,429 shares of the company’s stock, valued at approximately $604,155.51. This trade represents a 81.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.90% of the company’s stock.

Oracle Profile

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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