RNC Capital Management LLC Reduces Position in Oracle Corporation $ORCL

RNC Capital Management LLC lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,305 shares of the enterprise software provider's stock after selling 3,101 shares during the period. RNC Capital Management LLC's holdings in Oracle were worth $5,095,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the period. Revolve Wealth Partners LLC boosted its holdings 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 purchasing an additional 404 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Oracle by 8.1% in the first quarter. GAMMA Investing LLC now owns 34,011 shares of the enterprise software provider's stock valued at $4,755,000 after purchasing an additional 2,546 shares during the period. Valmark Advisers Inc. lifted its holdings in Oracle by 10.5% during the first quarter. Valmark Advisers Inc. now owns 6,173 shares of the enterprise software provider's stock worth $863,000 after buying an additional 589 shares during the period. Finally, Sheets Smith Wealth Management purchased a new stake in Oracle during the first quarter worth $213,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In related news, Director William G. Parrett sold 11,500 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares of the company's stock, valued at $5,435,784. This represents a 39.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 21,241 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the sale, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,769 shares of company stock worth $36,428,967 over the last 90 days. Insiders own 40.90% of the company's stock.

Oracle Price Performance

NYSE ORCL opened at $272.81 on Thursday. 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 stock's fifty day moving average price is $273.18 and its 200 day moving average price is $218.22. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a market cap of $777.71 billion, a price-to-earnings ratio of 63.15, a PEG ratio of 2.96 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Oracle's revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio is presently 46.30%.

Analysts Set New Price Targets

A number of analysts have weighed in on ORCL shares. Berenberg Bank upped their target price on Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a report on Monday, September 15th. DA Davidson upped their target price on Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Rothschild Redb upgraded Oracle to a "strong sell" rating in a report on Thursday, September 25th. Stifel Nicolaus upped their target price on Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Cowen reaffirmed a "buy" rating on shares of Oracle in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $323.69.

Oracle 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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