1,056 Shares in Oracle Corporation $ORCL Bought by Palmer Knight Co

Key Points

• Palmer Knight Co acquired 1,056 shares of Oracle Corporation, valued at approximately $231,000, during the 2nd quarter.
• Oracle's latest quarterly earnings report showed a missed EPS estimate of $1.47 compared to the consensus of $1.48, with a total revenue of $14.93 billion, falling short of expectations.
• The company declared a quarterly dividend of $0.50, which will be paid on October 23rd, representing an annualized yield of 0.7%.

Palmer Knight Co bought a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,056 shares of the enterprise software provider's stock, valued at approximately $231,000.

Several other institutional investors have also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the period. Legend Financial Advisors Inc. bought a new position in Oracle in the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC bought a new position in shares of Oracle during the 2nd quarter worth about $38,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $310.00 price objective on shares of Oracle in a report on Friday. BNP Paribas set a $377.00 price objective on shares of Oracle in a report on Wednesday, September 10th. Scotiabank boosted their price objective on shares of Oracle from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday. Weiss Ratings upgraded shares of Oracle from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Finally, Baird R W upgraded shares of Oracle to a "strong-buy" rating in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $323.40.

Insider Transactions at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the business's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the transaction, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. The trade was a 20.33% 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, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the transaction, the director owned 17,764 shares in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,769 shares of company stock valued at $36,428,967. 40.90% of the stock is owned by company insiders.

Oracle Stock Down 6.7%

Shares of ORCL opened at $291.95 on Friday. The stock has a market cap of $832.28 billion, a price-to-earnings ratio of 67.58, a P/E/G ratio of 3.13 and a beta of 1.53. The company has a quick ratio of 0.62, a current 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 company has a 50-day moving average price of $271.71 and a two-hundred day moving average price of $215.85.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given 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 payout ratio is 46.30%.

Oracle 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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