Patten Group Inc. Sells 1,863 Shares of Oracle Corporation $ORCL

Key Points

• Patten Group Inc. reduced its holdings in Oracle Corporation by 19.7%, selling 1,863 shares and leaving it with 7,612 shares valued at approximately $1.66 million.
• Oracle reported a Q1 earnings per share (EPS) of $1.47, missing estimates by $0.01, with revenues of $14.93 billion, a 12.2% increase year-over-year.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00 and a yield of 0.7%.

Patten Group Inc. lowered its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 19.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,612 shares of the enterprise software provider's stock after selling 1,863 shares during the period. Patten Group Inc.'s holdings in Oracle were worth $1,664,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares during the last quarter. Northern Trust Corp lifted its stake in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after purchasing an additional 120,889 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock worth $1,941,195,000 after purchasing an additional 59,164 shares during the last quarter. Amundi increased its holdings in shares of Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock worth $1,749,280,000 after buying an additional 409,691 shares in the last quarter. Finally, Polen Capital Management LLC increased its holdings in shares of Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after buying an additional 1,885,370 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of NYSE ORCL opened at $275.12 on Wednesday. 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 $272.62 and its 200 day simple moving average is $217.84. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $784.31 billion, a price-to-earnings ratio of 63.69, a PEG ratio of 2.97 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the prior year, the business earned $1.39 EPS. Oracle'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. As a group, research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's payout ratio is 46.30%.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the sale, the insider owned 78,000 shares of the company's stock, valued at approximately $23,174,580. The trade was a 21.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of Oracle stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. This trade represents a 7.07% 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 in the last three months. Insiders own 40.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ORCL. JMP Securities reiterated a "market outperform" rating and set a $342.00 price target on shares of Oracle in a report on Friday, October 17th. TD Cowen upped their price target on shares of Oracle from $325.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Berenberg Bank upped their price target on shares of Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a report on Monday, September 15th. Stephens upped their price target on shares of Oracle from $208.00 to $331.00 and gave the stock an "equal weight" rating in a report on Friday, October 17th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $310.00 price objective on shares of Oracle in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $323.69.

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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