OLD Point Trust & Financial Services N A Lowers Stock Holdings in Oracle Corporation $ORCL

Key Points

• OLD Point Trust & Financial Services N A has reduced its stake in Oracle Corporation (NYSE: ORCL) by 81.0%, leaving it with only 1,058 shares valued at $231,000.
• Oracle's recent earnings report revealed an EPS of $1.47, slightly below expectations, alongside a 12.2% increase in revenue year-over-year, totaling $14.93 billion.
• Oracle has announced a quarterly dividend of $0.50 to shareholders, with the ex-dividend date set for October 9th, indicating a 0.7% yield for investors.

OLD Point Trust & Financial Services N A decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 81.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,058 shares of the enterprise software provider's stock after selling 4,500 shares during the period. OLD Point Trust & Financial Services N A's holdings in Oracle were worth $231,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Oracle by 2.2% during 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 buying an additional 3,513,464 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after purchasing an additional 120,889 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 valued at $1,941,195,000 after purchasing an additional 59,164 shares during the last quarter. Amundi lifted its holdings in shares of Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock valued at $1,749,280,000 after purchasing an additional 409,691 shares during the last quarter. Finally, Polen Capital Management LLC lifted its holdings in shares of 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 valued at $1,762,878,000 after purchasing an additional 1,885,370 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 0.9%

Shares of ORCL stock opened at $272.81 on Thursday. The stock has a market cap of $777.71 billion, a P/E ratio of 63.15, a PEG ratio of 2.96 and a beta of 1.53. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The company's fifty day simple moving average is $273.18 and its two-hundred day simple moving average is $218.22.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.93 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Guggenheim boosted their price objective on shares of Oracle from $375.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, October 17th. Robert W. Baird started coverage on shares of Oracle in a research report on Wednesday, October 8th. They issued an "outperform" rating and a $365.00 target price for the company. Rothschild & Co Redburn started coverage on shares of Oracle in a research report on Thursday, September 25th. They set a "sell" rating and a $175.00 price objective for the company. UBS Group boosted their price objective on shares of Oracle from $360.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, October 17th. Finally, Berenberg Bank boosted their price objective on shares of Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a research report on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $323.69.

Insiders Place Their Bets

In other news, EVP Stuart Levey sold 19,758 shares of the company's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the sale, the executive vice president directly owned 18,429 shares in the company, valued at approximately $5,528,700. This represents a 51.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the company'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 sale, the insider owned 78,000 shares in the company, valued at $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,769 shares of company stock worth $36,428,967. 40.90% of the stock is 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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