Townsend Asset Management Corp NC ADV Has $516,000 Stock Holdings in Oracle Corporation $ORCL

Key Points

• Townsend Asset Management Corp NC ADV reduced its stake in Oracle Corporation by 28.2%, owning 2,360 shares valued at $516,000 after selling 925 shares in the second quarter.
• Oracle reported a 12.2% increase in revenue year-over-year, reaching $14.93 billion, but missed EPS estimates with earnings of $1.47.
• The company declared a quarterly dividend of $0.50, resulting in an annualized dividend of $2.00 and a yield of 0.7%, payable on October 23rd.

Townsend Asset Management Corp NC ADV cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 28.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,360 shares of the enterprise software provider's stock after selling 925 shares during the period. Townsend Asset Management Corp NC ADV's holdings in Oracle were worth $516,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after acquiring an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its position in Oracle by 4.3% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock valued at $7,179,000 after acquiring an additional 2,110 shares in the last quarter. Canoe Financial LP lifted its position in Oracle by 314.8% in the 2nd quarter. Canoe Financial LP now owns 484,098 shares of the enterprise software provider's stock valued at $105,838,000 after acquiring an additional 367,400 shares in the last quarter. Strs Ohio bought a new position in Oracle in the 1st quarter valued at about $108,572,000. Finally, CBM Financial LLC bought a new position in Oracle in the 1st quarter valued at about $356,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 2.8%

NYSE:ORCL opened at $283.29 on Friday. 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 stock has a market capitalization of $805.03 billion, a PE ratio of 65.58, a price-to-earnings-growth ratio of 3.13 and a beta of 1.46. The firm's 50 day moving average is $258.19 and its 200 day moving average is $200.44. 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 posted 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). The company had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current 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. 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%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. Rothschild Redb raised shares of Oracle to a "strong sell" rating in a research report on Thursday. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and raised their price target for the company from $295.00 to $368.00 in a research report on Wednesday, September 10th. JMP Securities reaffirmed a "market outperform" rating and issued a $342.00 price target on shares of Oracle in a research report on Wednesday. BNP Paribas set a $377.00 target price on shares of Oracle in a research report on Wednesday, September 10th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $304.71.

Insider Buying and Selling

In related news, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction that occurred on Friday, September 12th. The stock was 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 in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 112,092 shares of company stock worth $32,960,165 in the last three months. Insiders own 42.20% of the company's stock.

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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