Princeton Global Asset Management LLC Sells 30,214 Shares of Oracle Corporation $ORCL

Key Points

• Princeton Global Asset Management LLC has significantly reduced its stake in Oracle Corporation, selling 30,214 shares and decreasing its holdings by 63.4% during the second quarter.
• Oracle reported earnings of $1.47 EPS for the latest quarter, missing analyst expectations by $0.01, with revenue growth of 12.2% year-over-year.
• The company has declared a quarterly dividend of $0.50 which is set to be paid on October 23, representing an annualized yield of 0.7%.

Princeton Global Asset Management LLC decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 63.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,469 shares of the enterprise software provider's stock after selling 30,214 shares during the quarter. Princeton Global Asset Management LLC's holdings in Oracle were worth $3,819,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Legend Financial Advisors Inc. bought a new stake in Oracle during the second quarter valued at about $34,000. HighMark Wealth Management LLC bought a new position in shares of Oracle in the second quarter worth about $38,000. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter valued at approximately $28,000. Finally, Iron Horse Wealth Management LLC grew 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 buying an additional 151 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 6.7%

ORCL stock opened at $291.95 on Monday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The business's 50 day moving average is $271.71 and its 200-day moving average is $216.40. The firm has a market cap of $832.28 billion, a P/E ratio of 67.58, a P/E/G ratio of 3.14 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last issued 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). The firm 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 firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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. The ex-dividend date of this dividend 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 currently 46.30%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ORCL. BMO Capital Markets set a $355.00 price target on Oracle and gave the stock an "outperform" rating in a report on Monday, October 13th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Sanford C. Bernstein increased their price target on shares of Oracle from $363.00 to $364.00 and gave the company an "outperform" rating in a report on Friday, September 26th. Cowen restated a "buy" rating on shares of Oracle in a research report on Friday. Finally, Evercore ISI upped their price objective on shares of Oracle from $350.00 to $385.00 and gave the company an "outperform" rating in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $323.40.

Insider Transactions at Oracle

In related news, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares of the company's stock, valued at $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction that occurred on 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 transaction, the director owned 29,225 shares in the company, valued at $8,443,394.75. This represents a 7.07% decrease in their ownership of the stock. 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. 40.90% of the stock is currently owned by insiders.

About Oracle

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.