Oracle Corporation $ORCL Shares Sold by Grassi Investment Management

Key Points

• Grassi Investment Management reduced its stake in Oracle Corporation by 2.6%, holding 95,645 shares at the end of the most recent quarter, valued at approximately $20.9 million.
• Oracle's recent earnings report showed earnings per share of $1.47, slightly missing estimates, while revenue reached $14.93 billion, an increase of 12.2% year-over-year.
• The company declared a quarterly dividend of $0.50 per share, with a scheduled payment date of October 23rd, which results in an annualized yield of 0.7%.

Grassi Investment Management lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,645 shares of the enterprise software provider's stock after selling 2,527 shares during the quarter. Oracle comprises about 1.7% of Grassi Investment Management's holdings, making the stock its 11th biggest holding. Grassi Investment Management's holdings in Oracle were worth $20,911,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ORCL. Brighton Jones LLC lifted its holdings in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Lake Street Private Wealth LLC raised its stake in shares of Oracle by 21.0% in the first quarter. Lake Street Private Wealth LLC now owns 1,544 shares of the enterprise software provider's stock valued at $216,000 after acquiring an additional 268 shares in the last quarter. Vest Financial LLC raised its position in Oracle by 65.5% in the 1st quarter. Vest Financial LLC now owns 47,567 shares of the enterprise software provider's stock valued at $6,650,000 after purchasing an additional 18,824 shares in the last quarter. Finally, Foster Group Inc. raised its position in Oracle by 4.9% in the 1st quarter. Foster Group Inc. now owns 7,843 shares of the enterprise software provider's stock valued at $1,097,000 after purchasing an additional 367 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of NYSE:ORCL opened at $286.23 on Friday. The company's fifty day moving average price is $262.53 and its 200 day moving average price is $205.11. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The firm has a market capitalization of $815.99 billion, a P/E ratio of 66.26, a P/E/G ratio of 3.11 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business's revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 earnings per share. 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 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Insider Buying and Selling at Oracle

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the business's stock in a transaction that occurred on 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 transaction, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. The trade was a 20.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares in the company, valued at $23,174,580. This represents a 21.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,314 shares of company stock valued at $31,272,223. Insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. Mizuho raised their price objective on shares of Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. The Goldman Sachs Group raised their price objective on shares of Oracle from $195.00 to $310.00 and gave the company a "neutral" rating in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 price objective (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Redburn Partners set a $175.00 price target on Oracle in a research note on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $304.71.

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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