Oracle Corporation $ORCL Position Reduced by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC reduced its stake in Oracle Corporation by 7.6%, owning 66,290 shares after selling part of its position, valued at approximately $14.5 million.
• Recent analyst reports have increased Oracle's price targets significantly, with Goldman Sachs raising it to $310 and Berenberg Bank to $306, reflecting a moderate buy consensus rating.
• Oracle also announced a quarterly dividend of $0.50 per share, representing an annualized yield of 0.7%, with the ex-dividend date set for October 9th.

Pallas Capital Advisors LLC trimmed its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,290 shares of the enterprise software provider's stock after selling 5,483 shares during the quarter. Pallas Capital Advisors LLC's holdings in Oracle were worth $14,493,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC boosted its stake in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the 4th quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the 4th quarter worth about $36,000. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Berenberg Bank raised their price target on shares of Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a research report on Monday. The Goldman Sachs Group raised their price target on shares of Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a research report on Monday. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Cowen restated a "buy" rating and issued a $375.00 price target on shares of Oracle in a research report on Wednesday, September 10th. Finally, CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $303.44.

Oracle Stock Up 1.5%

ORCL stock opened at $306.80 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm's 50-day simple moving average is $247.52 and its 200 day simple moving average is $192.43. The stock has a market cap of $871.84 billion, a PE ratio of 71.02, a price-to-earnings-growth ratio of 3.26 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share 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 during the quarter, compared to analyst estimates of $15.04 billion. During the same period last year, the business earned $1.39 EPS. The firm's revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio (DPR) is presently 46.30%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,924 shares of company stock worth $16,971,612 in the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Oracle Company 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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