Oracle Corporation $ORCL Holdings Lessened by Violich Capital Management Inc.

Key Points

• Violich Capital Management Inc. has reduced its stake in Oracle Corporation by 4.4%, now owning 209,221 shares valued at approximately $45.74 million.
• Insider sales were significant, with Stuart Levey selling 19,758 shares for about $5.93 million and Michael D. Sicilia offloading 33,845 shares worth $10.87 million, reflecting a drop in their ownership percentages.
• Oracle's latest earnings report indicated a quarterly revenue of $14.93 billion, missing estimates, and the company announced a quarterly dividend of $0.50, set to be paid on October 23rd.

Violich Capital Management Inc. decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,221 shares of the enterprise software provider's stock after selling 9,545 shares during the quarter. Oracle accounts for about 6.4% of Violich Capital Management Inc.'s investment portfolio, making the stock its 6th largest position. Violich Capital Management Inc.'s holdings in Oracle were worth $45,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Reyes Financial Architecture Inc. boosted its holdings in shares of Oracle by 7.2% in the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock worth $141,000 after buying an additional 43 shares during the last quarter. Creative Capital Management Investments LLC lifted its holdings in Oracle by 5.7% during the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock valued at $174,000 after purchasing an additional 43 shares in the last quarter. MFA Wealth Services lifted its holdings in Oracle by 1.0% during the second quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider's stock valued at $998,000 after purchasing an additional 43 shares in the last quarter. Davis Investment Partners LLC lifted its holdings in Oracle by 0.7% during the second quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock valued at $1,517,000 after purchasing an additional 46 shares in the last quarter. Finally, Acropolis Investment Management LLC lifted its holdings in Oracle by 2.6% during the second quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider's stock valued at $404,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In related 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 value of $5,927,400.00. Following the completion of the sale, the executive vice president directly owned 18,429 shares of the company's stock, valued at $5,528,700. This represents a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Sicilia sold 33,845 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the sale, the insider directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,769 shares of company stock valued at $36,428,967 over the last quarter. 40.90% of the stock is owned by company insiders.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Redburn Partners set a $175.00 price target on shares of Oracle in a report on Thursday, September 25th. William Blair reiterated an "outperform" rating on shares of Oracle in a research report on Friday. Royal Bank Of Canada restated a "sector perform" rating and issued a $310.00 price target on shares of Oracle in a research report on Friday. Barclays lifted their price objective on shares of Oracle from $367.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $323.40.

Oracle Stock Down 6.7%

Shares of ORCL opened at $291.95 on Friday. The firm has a market capitalization of $832.28 billion, a P/E ratio of 67.58, a P/E/G ratio of 3.13 and a beta of 1.53. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a fifty day moving average price of $271.71 and a 200-day moving average price of $215.85.

Oracle (NYSE:ORCL - Get Free Report) last issued its 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). The company had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. 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 0.7%. Oracle's dividend payout ratio is 46.30%.

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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