Oracle Corporation $ORCL Shares Sold by Hourglass Capital LLC

Key Points

• Hourglass Capital LLC reduced its stake in Oracle Corporation by 1.9%, resulting in ownership of 50,468 shares valued at approximately $11 million, making it the firm's third-largest position.
• Insider trades at Oracle included sales of 2,222 and 11,500 shares by directors, representing significant decreases of 7.07% and 39.30% in their respective holdings.
• Oracle's latest quarterly earnings missed analyst expectations, posting $1.47 EPS compared to the anticipated $1.48, with revenues at $14.93 billion, which was below the forecast of $15.04 billion.

Hourglass Capital LLC lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,468 shares of the enterprise software provider's stock after selling 970 shares during the period. Oracle accounts for approximately 2.7% of Hourglass Capital LLC's portfolio, making the stock its 3rd largest position. Hourglass Capital LLC's holdings in Oracle were worth $11,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Reyes Financial Architecture Inc. raised its holdings in shares of Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock valued at $141,000 after acquiring an additional 43 shares during the period. Creative Capital Management Investments LLC raised its holdings in shares of 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 acquiring an additional 43 shares during the period. MFA Wealth Services raised its holdings in shares of 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 acquiring an additional 43 shares during the period. Davis Investment Partners LLC raised its holdings in shares of 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 acquiring an additional 46 shares during the period. Finally, Acropolis Investment Management LLC raised its holdings in shares of 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 acquiring an additional 47 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director owned 29,225 shares in the company, valued at $8,443,394.75. This trade represents a 7.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William G. Parrett sold 11,500 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the sale, the director owned 17,764 shares of the company's stock, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,769 shares of company stock worth $36,428,967 over the last ninety days. Company insiders own 40.90% of the company's stock.

Oracle Price Performance

NYSE:ORCL opened at $303.30 on Thursday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The stock has a market cap of $864.64 billion, a P/E ratio of 70.21, a PEG ratio of 3.22 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a fifty day moving average price of $269.61 and a 200 day moving average price of $213.14.

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

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ORCL shares. Barclays upped their price objective on shares of Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Sanford C. Bernstein boosted their target price on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. BNP Paribas set a $377.00 target price on shares of Oracle in a research report on Wednesday, September 10th. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $295.00 to $368.00 in a research report on Wednesday, September 10th. Finally, Guggenheim boosted their target price on shares of Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $307.00.

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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