Oracle Corporation $ORCL Shares Sold by Columbia Asset Management

Key Points

• Columbia Asset Management dramatically reduced its stake in Oracle Corporation by 98.6%, owning only 14,501 shares after selling 990,595 shares in the second quarter.
• Oracle reported $1.47 earnings per share for its recent quarter, falling short of the consensus estimate of $1.48, with revenues also below expectations at $14.93 billion.
• The company announced a quarterly dividend of $0.50, reflecting an annual yield of 0.7%, with the dividend to be paid on October 23rd to investors of record.

Columbia Asset Management lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 98.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,501 shares of the enterprise software provider's stock after selling 990,595 shares during the quarter. Columbia Asset Management's holdings in Oracle were worth $3,170,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Redmont Wealth Advisors LLC purchased a new position in Oracle in the 1st quarter valued at $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC lifted its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in Oracle in the 2nd quarter valued at $34,000. Finally, Graybill Wealth Management LTD. purchased a new position in Oracle in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ORCL. KeyCorp raised their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Royal Bank Of Canada raised their price objective on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. The Goldman Sachs Group lifted their price target on Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a report on Monday, September 15th. William Blair reiterated an "outperform" rating on shares of Oracle in a report on Monday, September 22nd. Finally, UBS Group set a $364.00 price target on Oracle in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $304.71.

Oracle Stock Down 0.6%

Shares of ORCL opened at $281.01 on Wednesday. The firm has a market cap of $801.10 billion, a P/E ratio of 65.05, a price-to-earnings-growth ratio of 3.04 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company's 50-day moving average price is $259.82 and its 200 day moving average price is $202.64. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 company had revenue of $14.93 billion during 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 quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Insider Transactions at Oracle

In related news, 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 value of $641,958.02. Following the sale, the director directly owned 29,225 shares in the company, valued at approximately $8,443,394.75. The trade was a 7.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the transaction, the director directly owned 17,764 shares of the company's stock, valued at approximately $5,435,784. This represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,314 shares of company stock worth $33,602,123 in the last 90 days. Insiders own 42.20% of the company's stock.

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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