Mutual Advisors LLC Sells 6,218 Shares of Oracle Corporation $ORCL

Key Points

• Mutual Advisors LLC reduced its stake in Oracle Corporation by 9.8%, selling 6,218 shares and now holds 56,985 shares valued at approximately $12.46 million.
• Oracle reported quarterly earnings of $1.47 EPS, marginally missing the consensus estimate by $0.01, with revenue of $14.93 billion, below predictions of $15.04 billion.
• The company declared a quarterly dividend of $0.50 per share, set to be paid on October 23rd, 2023, representing an annualized yield of 0.7%.

Mutual Advisors LLC cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 9.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,985 shares of the enterprise software provider's stock after selling 6,218 shares during the quarter. Mutual Advisors LLC's holdings in Oracle were worth $12,459,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ORCL. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle during the 2nd quarter valued at about $34,000. HighMark Wealth Management LLC purchased a new stake in Oracle during the second quarter valued at approximately $38,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at approximately $28,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $299.33 on Wednesday. The firm's 50 day simple moving average is $268.67 and its 200-day simple moving average is $212.52. 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 Corporation has a one year low of $118.86 and a one year high of $345.72. The firm has a market cap of $853.32 billion, a PE ratio of 69.29, a price-to-earnings-growth ratio of 3.31 and a beta of 1.53.

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 (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.93 billion during 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 firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Melius Research lifted their price objective on shares of Oracle from $270.00 to $370.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Weiss Ratings raised shares of Oracle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, September 8th. UBS Group set a $364.00 price objective on shares of Oracle in a research note on Friday, September 26th. Finally, Wolfe Research upped their target price on Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $307.00.

Insider Transactions at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the transaction, the insider owned 78,000 shares of the company's stock, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of the business's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director owned 29,225 shares of the company's stock, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,769 shares of company stock valued at $36,428,967 over the last three months. 40.90% of the stock is currently owned by corporate insiders.

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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