Wedmont Private Capital Trims Stock Position in Oracle Corporation $ORCL

Key Points

• Wedmont Private Capital has reduced its stake in Oracle Corporation by 9.7%, selling 8,633 shares and now holding 80,603 shares valued at approximately $19 million.
• Insider Michael D. Sicilia sold over 16,000 shares for about $5.1 million, while William G. Parrett sold 11,500 shares, reflecting significant decreases in their respective ownerships.
• Oracle's recent earnings showed a miss in EPS estimates, reporting $1.47 compared to the expected $1.48, with revenue of $14.93 billion against projections of $15.04 billion.

Wedmont Private Capital lessened its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 9.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,603 shares of the enterprise software provider's stock after selling 8,633 shares during the period. Oracle comprises approximately 0.8% of Wedmont Private Capital's investment portfolio, making the stock its 21st biggest holding. Wedmont Private Capital's holdings in Oracle were worth $19,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the first quarter valued at about $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new stake in Oracle in the fourth quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle during the 4th quarter valued at about $36,000. Institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In related news, insider Michael D. Sicilia sold 16,323 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 110,094 shares of the company's stock, valued at $34,525,478.40. This trade represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William G. Parrett sold 11,500 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the transaction, the director directly owned 17,764 shares of the company's stock, valued at $5,435,784. The trade was a 39.30% decrease in their ownership of the stock. 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 insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JMP Securities upped their price target on shares of Oracle from $315.00 to $342.00 and gave the stock a "market outperform" rating in a research report on Wednesday, September 10th. KeyCorp upped their target price on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. DA Davidson lifted their price target on Oracle from $220.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Berenberg Bank upped their price objective on Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a research note on Monday. Finally, Cowen reiterated a "buy" rating and issued a $375.00 target price on shares of Oracle in a research note 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $303.44.

Oracle Stock Down 1.6%

ORCL stock opened at $301.64 on Thursday. The company has a market capitalization of $857.17 billion, a P/E ratio of 69.82, a price-to-earnings-growth ratio of 3.31 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 firm's fifty day simple moving average is $248.83 and its 200-day simple moving average is $193.18. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

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). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $14.93 billion for the quarter, compared to analysts' expectations of $15.04 billion. During the same period last year, the business earned $1.39 EPS. The company's revenue for the quarter 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 Announces Dividend

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

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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