Oracle Corporation $ORCL Shares Sold by Mechanics Bank Trust Department

Key Points

• Mechanics Bank Trust Department reduced its holdings in Oracle Corporation by 19.2% in Q2, now owning 59,200 shares, valued at approximately $12.94 million.
• Oracle's insider activity showed significant sales, with insider Michael D. Sicilia selling over 16,000 shares for about $5.1 million, indicating a 12.91% decrease in ownership.
• Oracle's Q2 earnings missed estimates by $0.01, reporting $1.47 per share on revenue of $14.93 billion, slightly below the $15.04 billion expectation.

Mechanics Bank Trust Department lowered its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,200 shares of the enterprise software provider's stock after selling 14,029 shares during the quarter. Oracle makes up approximately 1.9% of Mechanics Bank Trust Department's holdings, making the stock its 12th biggest position. Mechanics Bank Trust Department's holdings in Oracle were worth $12,943,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ORCL. Brighton Jones LLC boosted its position in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in Oracle during the fourth quarter valued at $36,000. Toronto Dominion Bank grew its stake in shares of Oracle by 15.2% in the 4th quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider's stock worth $113,199,000 after buying an additional 89,723 shares in the last quarter. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Oracle in the 4th quarter worth about $383,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORCL shares. Cantor Fitzgerald raised their price objective on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Cowen restated a "buy" rating and set a $375.00 price objective on shares of Oracle in a report on Wednesday, September 10th. CIBC reiterated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Finally, Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $303.44.

Oracle Stock Performance

NYSE ORCL traded up $20.44 on Monday, reaching $329.10. 44,291,474 shares of the company's stock traded hands, compared to its average volume of 29,628,284. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $935.21 billion, a price-to-earnings ratio of 76.18, a P/E/G ratio of 3.34 and a beta of 1.46. The stock has a 50 day moving average price of $253.63 and a 200-day moving average price of $196.92. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced 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). 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 analysts' expectations of $15.04 billion. During the same period last year, the company posted $1.39 earnings per share. The business's quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. Oracle's payout ratio is 46.30%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Rona Alison Fairhead purchased 480 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares of the company's stock, valued at $23,174,580. The trade was a 21.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,247 shares of company stock worth $22,090,505. Insiders own 42.20% 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.