Triangle Securities Wealth Management Sells 5,046 Shares of Oracle Corporation $ORCL

Key Points

• Triangle Securities Wealth Management reduced its stake in Oracle Corporation by 31.8% during the second quarter, selling 5,046 shares and holding 10,825 shares worth approximately $2.37 million at the end of the period.
• Oracle's recent earnings report indicated a missed EPS estimate of $1.47 compared to the expected $1.48, with quarterly revenue of $14.93 billion falling short of expectations of $15.04 billion, despite a year-over-year revenue growth of 12.2%.
• The company announced a quarterly dividend of $0.50, payable on October 23rd to stockholders of record on October 9th, reflecting a 0.7% dividend yield.

Triangle Securities Wealth Management lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 31.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,825 shares of the enterprise software provider's stock after selling 5,046 shares during the period. Triangle Securities Wealth Management's holdings in Oracle were worth $2,367,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ORCL. Brighton Jones LLC boosted its holdings in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the period. Woodline Partners LP purchased a new stake in Oracle in the 4th quarter worth $12,264,000. First Heartland Consultants Inc. lifted its stake in Oracle by 8.7% in the 4th quarter. First Heartland Consultants Inc. now owns 1,762 shares of the enterprise software provider's stock worth $294,000 after purchasing an additional 141 shares in the last quarter. Finally, Novem Group purchased a new stake in Oracle in the 4th quarter worth $490,000. Institutional investors own 42.44% of the company's stock.

Oracle Trading Down 1.6%

NYSE ORCL opened at $296.67 on Friday. The company has a fifty day simple moving average of $250.06 and a two-hundred day simple moving average of $194.11. The stock has a market cap of $843.06 billion, a P/E ratio of 68.67, a P/E/G ratio of 3.26 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month 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.

Oracle (NYSE:ORCL - Get Free Report) last issued 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). The business had revenue of $14.93 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's dividend payout ratio (DPR) is 46.30%.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a research note on Monday. Guggenheim increased their price objective on shares of Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. UBS Group set a $300.00 target price on shares of Oracle in a research note on Wednesday, September 10th. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Cowen restated a "buy" rating and issued a $375.00 target price on shares of Oracle in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $303.44.

Insiders Place Their Bets

In other news, insider Clayton M. Magouyrk sold 21,241 shares of Oracle 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 in the company, valued at $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,247 shares of company stock valued at $22,090,505. 42.20% of the stock is owned by company 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.

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