Capital Investment Services of America Inc. Sells 1,697 Shares of Oracle Corporation $ORCL

Key Points

• Capital Investment Services of America Inc. reduced its stake in Oracle Corporation by 0.7%, selling 1,697 shares, while still holding 227,072 shares in total, valued at approximately $49.6 million.
• Oracle's quarterly earnings report showed an EPS of $1.47, missing estimates by $0.01, with revenues of $14.93 billion, which was below the projected $15.04 billion.
• The company recently announced a $0.50 quarterly dividend, representing a yield of 0.7%, to be paid on October 23rd, with a payout ratio of 46.30%.

Capital Investment Services of America Inc. lessened its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,072 shares of the enterprise software provider's stock after selling 1,697 shares during the quarter. Oracle comprises 4.5% of Capital Investment Services of America Inc.'s investment portfolio, making the stock its 3rd biggest position. Capital Investment Services of America Inc.'s holdings in Oracle were worth $49,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $27,000. Iron Horse Wealth Management LLC lifted its stake in 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 purchasing an additional 151 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $33,000. Legend Financial Advisors Inc. acquired a new position in shares of Oracle during the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in Oracle in the second quarter valued at about $38,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.9%

ORCL opened at $272.81 on Thursday. The company's 50-day moving average price is $273.18 and its two-hundred day moving average price is $218.22. 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 twelve month low of $118.86 and a twelve month high of $345.72. The stock has a market cap of $777.71 billion, a price-to-earnings ratio of 63.15, a PEG ratio of 2.96 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. During the same quarter in the previous year, the company posted $1.39 EPS. Oracle's revenue for the quarter 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 expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio (DPR) is 46.30%.

Analyst Ratings Changes

Several equities analysts recently commented on ORCL shares. Evercore ISI increased 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 raised Oracle to a "strong-buy" rating in a report on Wednesday, October 8th. Guggenheim lifted their price target on Oracle from $375.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, October 17th. Rothschild & Co Redburn initiated coverage on Oracle in a report on Thursday, September 25th. They set a "sell" rating and a $175.00 price target on the stock. Finally, Rothschild Redb upgraded shares of Oracle to a "strong sell" rating in a report on Thursday, September 25th. Three research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $323.69.

Insiders Place Their Bets

In other Oracle news, EVP Stuart Levey sold 19,758 shares of the business's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction 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. The trade was a 51.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the transaction, the insider owned 78,000 shares of the company's stock, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,769 shares of company stock worth $36,428,967 in the last ninety days. 40.90% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.