HB Wealth Management LLC Sells 17,195 Shares of Oracle Corporation $ORCL

Key Points

• HB Wealth Management LLC has reduced its stake in Oracle Corporation by 8.4%, selling 17,195 shares, leaving them with a total of 188,142 shares valued at $41.13 million.
• Oracle reported quarterly earnings of $1.47 per share, slightly below analyst expectations, with revenue of $14.93 billion, representing a 12.2% year-over-year increase.
• The company has announced a quarterly dividend of $0.50 per share, with the ex-dividend date set for October 9th and a dividend yield of 0.7%.

HB Wealth Management LLC lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,142 shares of the enterprise software provider's stock after selling 17,195 shares during the quarter. HB Wealth Management LLC's holdings in Oracle were worth $41,134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after purchasing an additional 3,513,464 shares in the last quarter. Northern Trust Corp raised its stake in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after acquiring an additional 120,889 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock worth $1,941,195,000 after acquiring an additional 59,164 shares in the last quarter. Amundi raised its stake in Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock worth $1,749,280,000 after acquiring an additional 409,691 shares in the last quarter. Finally, Polen Capital Management LLC raised its stake in Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after acquiring an additional 1,885,370 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

Oracle stock opened at $282.68 on Tuesday. The stock has a market capitalization of $803.29 billion, a price-to-earnings ratio of 65.44, a PEG ratio of 3.05 and a beta of 1.46. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock's 50 day moving average price is $258.97 and its two-hundred day moving average price is $202.09. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results 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 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%.Oracle's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 issued a dividend of $0.50 per share. 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%.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the transaction, the insider 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 disclosure for this sale can be found here. In the last three months, insiders sold 112,092 shares of company stock worth $32,960,165. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Morgan Stanley upped their price objective on Oracle from $246.00 to $320.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 23rd. JMP Securities reaffirmed a "market outperform" rating and issued a $342.00 price objective on shares of Oracle in a research note on Wednesday, September 24th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Guggenheim upped their price objective on Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $304.71.

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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