Impax Asset Management Group plc Sells 32,464 Shares of Oracle Corporation $ORCL

Impax Asset Management Group plc reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 957,577 shares of the enterprise software provider’s stock after selling 32,464 shares during the period. Oracle makes up 1.2% of Impax Asset Management Group plc’s portfolio, making the stock its 22nd biggest holding. Impax Asset Management Group plc’s holdings in Oracle were worth $207,606,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. LGT Financial Advisors LLC purchased a new position in Oracle during the second quarter worth about $33,000. Legend Financial Advisors Inc. bought a new position in shares of Oracle in the second quarter worth approximately $34,000. HighMark Wealth Management LLC bought a new stake in Oracle during the second quarter valued at approximately $38,000. Moser Wealth Advisors LLC raised its position in shares of Oracle by 1,770.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock valued at $41,000 after buying an additional 177 shares in the last quarter. Finally, Orion Capital Management LLC raised its position in shares of Oracle by 32.2% during the 2nd quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider’s stock valued at $42,000 after buying an additional 47 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI upped their target price on shares of Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Citigroup reiterated a “buy” rating on shares of Oracle in a research report on Friday, October 10th. Cantor Fitzgerald upped their target price on Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Rothschild & Co Redburn assumed coverage on shares of Oracle in a research report on Thursday, September 25th. They issued a “sell” rating and a $175.00 target price on the stock. Finally, Rothschild Redb raised shares of Oracle to a “strong sell” rating in a research note on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $323.69.

Insider Buying and Selling

In other news, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the transaction, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the completion of the transaction, the executive vice president owned 47,083 shares in the company, valued at approximately $13,212,431.46. The trade was a 9.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 204,254 shares of company stock worth $60,227,807 over the last three months. Corporate insiders own 40.90% of the company’s stock.

Oracle Trading Down 4.0%

Shares of ORCL opened at $226.66 on Thursday. The stock has a market capitalization of $646.16 billion, a P/E ratio of 52.47, a PEG ratio of 2.96 and a beta of 1.51. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a fifty day simple moving average of $279.89 and a two-hundred day simple moving average of $232.67.

Oracle (NYSE:ORCL) last announced its quarterly 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 company had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. Oracle’s quarterly revenue was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. On average, research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s payout ratio 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.