Narwhal Capital Management Sells 9,383 Shares of Oracle Corporation $ORCL

Key Points

• Narwhal Capital Management cut its Oracle stake by 21.5% in the third quarter, selling 9,383 shares and retaining 34,218 shares valued at about $4.7 million.
• Oracle reported quarterly EPS of $1.92, beating the $1.74 consensus, while revenue of $19.34 billion exceeded forecasts and rose 29.6% year over year.
• Oracle’s shares opened at $117.87, down 1.6% in the session cited; analysts had a consensus “Moderate Buy” rating and an average price target of $249.27.

Narwhal Capital Management reduced its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 21.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,218 shares of the enterprise software provider's stock after selling 9,383 shares during the period. Narwhal Capital Management's holdings in Oracle were worth $4,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp bought a new position in Oracle during the 2nd quarter valued at $1,911,930,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Oracle during the 2nd quarter valued at $625,454,000. Corient Private Wealth LP acquired a new position in shares of Oracle during the 2nd quarter valued at $186,175,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Oracle in the 3rd quarter worth $96,746,000. Finally, First Trust Advisors LP raised its stake in shares of Oracle by 23.3% in the 1st quarter. First Trust Advisors LP now owns 3,633,070 shares of the enterprise software provider's stock worth $534,461,000 after buying an additional 685,570 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 1.6%

NYSE:ORCL opened at $117.87 on Wednesday. The firm has a market capitalization of $356.42 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.84 and a beta of 1.79. Oracle Corporation has a 1-year low of $109.21 and a 1-year high of $250.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.89. The business's fifty day moving average price is $137.85 and its 200 day moving average price is $154.83.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.74 by $0.18. The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $19.13 billion. Oracle had a net margin of 26.36% and a return on equity of 48.85%. The firm's quarterly revenue was up 29.6% compared to the same quarter last year. During the same period last year, the company posted $1.47 earnings per share. Oracle has set its Q2 2027 guidance at 1.850-1.930 EPS and its FY 2027 guidance at 8.100-8.100 EPS. On average, sell-side analysts forecast that Oracle Corporation will post 6.71 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were issued a $0.50 dividend. The ex-dividend date was Friday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. Oracle's dividend payout ratio is currently 31.35%.

Insiders Place Their Bets

In other news, CEO Michael Sicilia sold 22,562 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $151.59, for a total transaction of $3,420,173.58. Following the transaction, the chief executive officer owned 182,929 shares of the company's stock, valued at approximately $27,730,207.11. This represents a 10.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Rusckowski purchased 25,000 shares of the stock in a transaction on Tuesday, September 29th. The shares were bought at an average price of $139.35 per share, for a total transaction of $3,483,750.00. Following the acquisition, the director owned 25,390 shares of the company's stock, valued at approximately $3,538,096.50. The trade was a 6,410.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 36,075 shares of company stock valued at $5,342,123 over the last three months. 38.40% of the stock is currently owned by insiders.

Oracle News Roundup

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Oracle broke ground on its future Nashville global headquarters, a long-term investment intended to support growth in cloud, AI and healthcare and create thousands of jobs. Oracle Nashville headquarters announcement
• Positive Sentiment: The company launched AI-assisted treasury and customer analytics applications for financial institutions, adding to its cloud and AI product offerings. Oracle financial analytics announcement
• Neutral Sentiment: Oracle says renewed rentals of older GPUs were priced at a premium, suggesting some continued demand for its existing AI capacity; however, this does not offset uncertainty around specific customer contracts. Report on GPU renewals and Microsoft
• Negative Sentiment: Reports said Oracle lost an estimated $7 billion Tencent chip-leasing deal and that Microsoft is winding down an AI-computing arrangement, reportedly because Oracle’s older Nvidia chips no longer meet Microsoft’s requirements. These developments raise questions about infrastructure demand and Oracle’s ability to secure customers for its planned capacity. Report on Tencent and Microsoft contracts
• Negative Sentiment: Commentary highlighted concentration and financing risks: Oracle’s AI backlog is said to rely heavily on OpenAI, while its aggressive data-center spending increases exposure to debt, project execution and potential AI-market setbacks. Analysis of Oracle's balance sheet and AI contracts

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. BMO Capital Markets decreased their target price on Oracle from $220.00 to $195.00 and set an "outperform" rating for the company in a research note on Friday, September 11th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $284.00 price target on shares of Oracle in a research report on Thursday, October 22nd. Sanford C. Bernstein reissued an "outperform" rating on shares of Oracle in a report on Tuesday, October 27th. Piper Sandler restated an "overweight" rating and set a $225.00 price objective on shares of Oracle in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Oracle in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $249.27.

About Oracle

Oracle Corporation is a technology company that develops and provides database software, cloud services, and enterprise applications. Its products help organizations manage data, run business operations, and build and deploy applications. Oracle's offerings include Oracle Database, Oracle Cloud Infrastructure, and cloud-based applications for functions such as finance, human resources, supply chain management, and customer experience. The company also provides software support, consulting, and related services.

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