Exane Asset Management Sells 12,293 Shares of Oracle Corporation $ORCL

Key Points

• Exane Asset Management significantly reduced its stake in Oracle Corporation, selling 12,293 shares and decreasing its holdings by 74.9% during the second quarter, leaving it with only 4,130 shares.
• Oracle's recent quarterly earnings reported a miss on EPS expectations, with earnings of $1.47 per share versus expected $1.48, and revenues of $14.93 billion falling short of projections.
• The company declared a quarterly dividend of $0.50, reflecting an annual yield of 0.7%, with the dividend payment scheduled for October 23rd.

Exane Asset Management lessened its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 74.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,130 shares of the enterprise software provider's stock after selling 12,293 shares during the period. Oracle accounts for 0.4% of Exane Asset Management's investment portfolio, making the stock its 16th largest position. Exane Asset Management's holdings in Oracle were worth $903,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Scott & Selber Inc. raised its stake in Oracle by 0.5% in the 2nd quarter. Scott & Selber Inc. now owns 18,593 shares of the enterprise software provider's stock valued at $4,065,000 after acquiring an additional 85 shares during the period. Moody Lynn & Lieberson LLC raised its position in shares of Oracle by 39.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 34,307 shares of the enterprise software provider's stock valued at $7,501,000 after purchasing an additional 9,738 shares during the period. City Holding Co. lifted its stake in shares of Oracle by 2.4% during the 2nd quarter. City Holding Co. now owns 28,660 shares of the enterprise software provider's stock valued at $6,266,000 after buying an additional 680 shares in the last quarter. Symmetry Partners LLC bought a new position in Oracle in the 2nd quarter worth approximately $207,000. Finally, Argus Investors Counsel Inc. grew its stake in Oracle by 1.6% in the 2nd quarter. Argus Investors Counsel Inc. now owns 16,469 shares of the enterprise software provider's stock valued at $3,601,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Down 2.8%

Shares of ORCL stock opened at $283.29 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a market cap of $805.03 billion, a P/E ratio of 65.58, a price-to-earnings-growth ratio of 3.05 and a beta of 1.46. The business has a 50-day moving average price of $258.19 and a two-hundred day moving average price of $201.16. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. UBS Group set a $364.00 target price on Oracle in a research report on Friday. BMO Capital Markets set a $345.00 target price on Oracle in a research note on Wednesday, September 10th. Evercore ISI lifted their target price on Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $304.71.

Insider Buying and Selling at Oracle

In related news, Director Rona Alison Fairhead bought 480 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the firm's stock in a transaction dated 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 directly owned 78,000 shares in the company, valued at $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,092 shares of company stock valued at $32,960,165. 42.20% of the stock is currently owned by insiders.

About Oracle

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 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.