Drake & Associates LLC Sells 1,336 Shares of Oracle Corporation $ORCL

Key Points

• Drake & Associates LLC has decreased its holdings in Oracle Corporation by 22.5%, selling 1,336 shares in the second quarter, leaving them with 4,610 shares valued at approximately $1,008,000.
• Oracle reported quarterly earnings of $1.47 per share, which fell short of analysts' expectations, and revealed revenue of $14.93 billion compared to the anticipated $15.04 billion.
• The company declared a quarterly dividend of $0.50, scheduled for payment on October 23rd, representing an annualized yield of 0.7% and a payout ratio of 46.30%.

Drake & Associates LLC reduced its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 22.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 4,610 shares of the enterprise software provider's stock after selling 1,336 shares during the quarter. Drake & Associates LLC's holdings in Oracle were worth $1,008,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ORCL. Brighton Jones LLC grew its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after buying an additional 404 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Oracle by 19.2% during the 1st quarter. Park Avenue Securities LLC now owns 34,686 shares of the enterprise software provider's stock worth $4,849,000 after acquiring an additional 5,591 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Oracle by 4.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 2,871 shares of the enterprise software provider's stock worth $401,000 after acquiring an additional 110 shares during the period. Finally, Courier Capital LLC raised its stake in Oracle by 8.2% in the 1st quarter. Courier Capital LLC now owns 67,675 shares of the enterprise software provider's stock valued at $9,462,000 after acquiring an additional 5,102 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

ORCL stock opened at $291.77 on Tuesday. The firm has a 50 day simple moving average of $263.41 and a two-hundred day simple moving average of $206.82. The stock has a market cap of $831.77 billion, a PE ratio of 67.54, a P/E/G ratio of 3.08 and a beta of 1.53. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The company 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 business's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on ORCL shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Piper Sandler raised their price objective on shares of Oracle from $270.00 to $330.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Cowen reissued a "buy" rating and set a $375.00 target price on shares of Oracle in a report on Wednesday, September 10th. CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Finally, Stifel Nicolaus lifted their price target on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $304.71.

Insider Transactions at Oracle

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the sale, the insider owned 78,000 shares in the company, valued at $23,174,580. The trade was a 21.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock valued at $31,272,223 over the last 90 days. Company insiders own 40.90% of the company's stock.

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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