Oracle Corporation $ORCL Shares Sold by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC has reduced its stake in Oracle Corporation by 6.0%, selling 1,128 shares and now holding 17,704 shares valued at approximately $3.87 million.
• Several institutional investors, including Redmont Wealth Advisors and Family Legacy Financial Solutions, have recently acquired new positions in Oracle, indicating growing interest in the company's stock.
• Oracle reported a quarterly earnings per share of $1.47, slightly missing estimates, with a revenue of $14.93 billion, and announced a quarterly dividend of $0.50 to be paid on October 23rd.

Sowell Financial Services LLC cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 6.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,704 shares of the enterprise software provider's stock after selling 1,128 shares during the quarter. Sowell Financial Services LLC's holdings in Oracle were worth $3,871,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Oracle during the fourth quarter worth $36,000. Finally, Graybill Wealth Management LTD. acquired a new position in shares of Oracle during the first quarter worth approximately $39,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ORCL shares. BMO Capital Markets set a $345.00 target price on Oracle in a research report on Wednesday, September 10th. Evercore ISI lifted their price objective on shares of Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. DA Davidson upped their target price on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Westpark Capital increased their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $303.44.

Insider Activity

In related news, insider Michael D. Sicilia sold 16,323 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $313.60, for a total transaction of $5,118,892.80. Following the sale, the insider directly owned 110,094 shares in the company, valued at approximately $34,525,478.40. This represents a 12.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,247 shares of company stock worth $22,090,505. 42.20% of the stock is owned by insiders.

Oracle Stock Up 6.6%

Shares of ORCL stock traded up $20.44 on Monday, reaching $329.10. 44,291,474 shares of the company's stock traded hands, compared to its average volume of 29,628,284. The company has a market capitalization of $935.21 billion, a P/E ratio of 76.18, a price-to-earnings-growth ratio of 3.34 and a beta of 1.46. 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 business's 50 day moving average price is $253.63 and its two-hundred day moving average price is $196.92. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 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 firm had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter last year, the firm earned $1.39 earnings per share. Oracle's quarterly revenue was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, equities 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.30%.

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.