Procyon Advisors LLC Sells 89,963 Shares of Oracle Corporation $ORCL

Key Points

• Procyon Advisors LLC has significantly reduced its stake in Oracle Corporation by selling 89,963 shares, resulting in a 92.2% decrease in their holdings, now valued at $1.65 million.
• Several analysts have raised their target prices for Oracle, with KeyCorp increasing it to $225 and Cantor Fitzgerald to $400, reflecting positive market sentiment towards the company's performance.
• Oracle announced a quarterly dividend of $0.50 per share, translating to an annual yield of 0.7%, with upcoming payment on October 23rd for stockholders recorded by October 9th.

Procyon Advisors LLC cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 92.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,562 shares of the enterprise software provider's stock after selling 89,963 shares during the period. Procyon Advisors LLC's holdings in Oracle were worth $1,653,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Oracle by 0.6% in the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after purchasing an additional 120,889 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Oracle by 0.4% in 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 acquiring an additional 59,164 shares in the last quarter. Amundi grew its position in Oracle by 3.3% in the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock worth $1,749,280,000 after acquiring an additional 409,691 shares in the last quarter. Finally, Polen Capital Management LLC raised its position in shares of Oracle by 17.6% in the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after purchasing an additional 1,885,370 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL stock traded up $12.56 during mid-day trading on Friday, hitting $309.18. 40,475,718 shares of the stock were exchanged, compared to its average volume of 28,056,660. The firm has a fifty day moving average of $251.63 and a 200 day moving average of $195.39. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a market cap of $878.60 billion, a PE ratio of 71.57, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. Oracle's dividend payout ratio is presently 46.30%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ORCL shares. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Guggenheim lifted their price objective on Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. DA Davidson upped their price objective on Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Melius Research upped their price objective on Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, BMO Capital Markets set a $345.00 target price on Oracle in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Oracle has an average rating of "Moderate Buy" and an average target price of $303.44.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction dated 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 $23,174,580. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Sicilia sold 16,323 shares of Oracle stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $313.60, for a total transaction of $5,118,892.80. Following the completion of the transaction, the insider directly owned 110,094 shares in the company, valued at $34,525,478.40. This represents a 12.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,247 shares of company stock valued at $22,090,505. 42.20% of the stock is owned by corporate 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.