Hendley & Co. Inc. Sells 22,889 Shares of Oracle Corporation $ORCL

Hendley & Co. Inc. reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 69.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,850 shares of the enterprise software provider's stock after selling 22,889 shares during the period. Hendley & Co. Inc.'s holdings in Oracle were worth $2,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Abel Hall LLC boosted its position in shares of Oracle by 16.3% in the 2nd quarter. Abel Hall LLC now owns 2,144 shares of the enterprise software provider's stock worth $469,000 after purchasing an additional 300 shares in the last quarter. REAP Financial Group LLC boosted its holdings in Oracle by 22.3% in the second quarter. REAP Financial Group LLC now owns 1,225 shares of the enterprise software provider's stock worth $268,000 after acquiring an additional 223 shares in the last quarter. Sax Wealth Advisors LLC grew its stake in shares of Oracle by 2.5% during the second quarter. Sax Wealth Advisors LLC now owns 4,201 shares of the enterprise software provider's stock worth $919,000 after acquiring an additional 104 shares during the last quarter. WestEnd Advisors LLC grew its stake in shares of Oracle by 478,790.2% during the second quarter. WestEnd Advisors LLC now owns 244,234 shares of the enterprise software provider's stock worth $53,397,000 after acquiring an additional 244,183 shares during the last quarter. Finally, 1 North Wealth Services LLC raised its position in shares of Oracle by 1.6% in the 2nd quarter. 1 North Wealth Services LLC now owns 13,428 shares of the enterprise software provider's stock valued at $2,936,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 2.4%

Shares of ORCL stock opened at $284.46 on Wednesday. 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 $810.94 billion, a P/E ratio of 65.85, a P/E/G ratio of 3.14 and a beta of 1.53. The stock has a 50 day moving average of $264.10 and a 200 day moving average of $207.36. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the business earned $1.39 EPS. Oracle's revenue for the quarter was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Insiders Place Their Bets

In related news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction on 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 sale, the insider owned 132,656 shares of the company's stock, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of the business's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director directly owned 29,225 shares of the company's stock, valued at approximately $8,443,394.75. The trade was a 7.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock valued at $31,272,223 over the last quarter. Insiders own 40.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ORCL. Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. Citigroup reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, September 10th. Royal Bank Of Canada boosted their price objective on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Cowen restated a "buy" rating and issued a $375.00 target price on shares of Oracle in a research note on Wednesday, September 10th. Finally, Evercore ISI lifted their price target on Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Oracle has an average 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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