Oracle Corporation $ORCL Shares Sold by CoreCap Advisors LLC

Key Points

• CoreCap Advisors reduced its Oracle stake by 39% in the third quarter, selling 15,495 shares and retaining 24,187 shares valued at approximately $3.32 million. Institutional investors collectively own 42.44% of Oracle.
• Oracle reported stronger-than-expected quarterly results, with $1.92 in adjusted earnings per share and $19.34 billion in revenue, up 29.6% year over year. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $251.72.
• Oracle declared a quarterly dividend of $0.50 per share, equivalent to an annualized $2.00 payout and a 1.5% yield. Director Stephen Rusckowski also purchased roughly $3.5 million of Oracle stock, while another executive sold shares.

CoreCap Advisors LLC cut its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 39.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,187 shares of the enterprise software provider's stock after selling 15,495 shares during the quarter. CoreCap Advisors LLC's holdings in Oracle were worth $3,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sherman Asset Management Inc. boosted its holdings in shares of Oracle by 5.5% during the first quarter. Sherman Asset Management Inc. now owns 1,054 shares of the enterprise software provider's stock worth $155,000 after purchasing an additional 55 shares during the last quarter. Southern Capital Advisors LLC lifted its position in Oracle by 1.3% during the first quarter. Southern Capital Advisors LLC now owns 4,446 shares of the enterprise software provider's stock worth $654,000 after buying an additional 57 shares during the period. Global Financial Private Client LLC boosted its position in shares of Oracle by 0.8% in the first quarter. Global Financial Private Client LLC now owns 7,836 shares of the enterprise software provider's stock worth $1,153,000 after acquiring an additional 59 shares during the last quarter. Key Financial Inc lifted its stake in shares of Oracle by 0.4% during the first quarter. Key Financial Inc now owns 14,203 shares of the enterprise software provider's stock worth $2,089,000 after purchasing an additional 62 shares in the last quarter. Finally, Gould Asset Management LLC CA grew its stake in shares of Oracle by 2.0% in the first quarter. Gould Asset Management LLC CA now owns 3,172 shares of the enterprise software provider's stock valued at $467,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Key Headlines Impacting Oracle

Here are the key news stories impacting Oracle this week:

• Positive Sentiment: Oracle received support from Mizuho, which added the company to its top-picks list and assigned a $320 price target, citing strong demand for Oracle Cloud Infrastructure and AI services. Oracle and these 6 stocks are newest addition to Mizuho Top Picks list
• Positive Sentiment: Oracle signed a virtual power purchase agreement with Scout Clean Energy for most of the output from a 300-megawatt Texas wind farm. The agreement supports Oracle’s plan to invest in more than 1.7 gigawatts of renewable energy in Texas and may improve the long-term power profile of its data-center expansion. Oracle taps Scout Clean for wind power in Texas
• Positive Sentiment: Director Stephen Rusckowski reportedly purchased $3.5 million of Oracle shares, a modest confidence signal amid heightened volatility. Oracle Insider Buys $3.5 Million in Stock Amid OpenAI Swings

Oracle Trading Down 5.7%

Shares of NYSE:ORCL opened at $135.35 on Friday. The firm has a market capitalization of $409.25 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.78. The firm has a fifty day moving average of $146.12 and a two-hundred day moving average of $159.15. Oracle Corporation has a 12-month low of $114.50 and a 12-month high of $322.54. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.89.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.18. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $19.13 billion. Oracle had a net margin of 26.36% and a return on equity of 48.85%. Oracle's revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. 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, equities analysts expect that Oracle Corporation will post 6.69 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. Oracle's dividend payout ratio is 31.35%.

Insider Activity at Oracle

In other Oracle news, Director Stephen H. Rusckowski bought 25,000 shares of Oracle stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average price of $139.35 per share, for a total transaction of $3,483,750.00. Following the completion of the acquisition, the director owned 25,390 shares of the company's stock, valued at $3,538,096.50. This trade represents a 6,410.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 2,631 shares of Oracle stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $151.70, for a total value of $399,122.70. Following the completion of the sale, the executive vice president directly owned 64,357 shares in the company, valued at approximately $9,762,956.90. This represents a 3.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 36,075 shares of company stock valued at $5,342,123 in the last three months. Corporate insiders own 38.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ORCL shares. DA Davidson restated a "buy" rating and set a $225.00 price objective on shares of Oracle in a report on Friday, September 11th. BMO Capital Markets dropped their price target on shares of Oracle from $220.00 to $195.00 and set an "outperform" rating for the company in a research note on Friday, September 11th. Citizens Jmp reiterated a "market outperform" rating and issued a $285.00 price target on shares of Oracle in a research note on Friday, October 2nd. KeyCorp set a $285.00 price objective on Oracle in a research note on Friday, September 11th. Finally, Weiss Ratings cut Oracle from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target of $251.72.

Oracle Profile

Oracle Corporation NYSE: ORCL is a global technology company that develops enterprise software, cloud services and related hardware. Its offerings help businesses manage databases, applications, data, infrastructure and other core information-technology operations.

The company is best known for its Oracle Database, along with cloud-based infrastructure and platform services. Oracle also provides enterprise applications for functions such as finance, human resources, supply-chain management, customer experience and industry-specific operations.

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