Oracle (NYSE:ORCL) Director William Parrett Sells 11,500 Shares

Oracle Corporation (NYSE:ORCL) Director William Parrett sold 11,500 shares of the firm’s 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 sale, the director directly owned 17,764 shares in the company, valued at approximately $5,435,784. The trade was a 39.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Oracle Stock Up 1.5%

ORCL stock opened at $306.80 on Wednesday. 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 Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company’s 50 day moving average is $247.52 and its two-hundred day moving average is $192.43. The stock has a market cap of $871.84 billion, a P/E ratio of 71.02, a PEG ratio of 3.26 and a beta of 1.46.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the previous year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders 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 presently 46.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORCL. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. UBS Group set a $300.00 target price on shares of Oracle in a report on Wednesday, September 10th. Jefferies Financial Group lifted their target price on shares of Oracle from $270.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Stifel Nicolaus lifted their target price on shares of Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, CIBC reiterated a “buy” rating on shares of Oracle in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $303.44.

Institutional Investors Weigh In On Oracle

Several institutional investors have recently made changes to their positions in ORCL. Norges Bank purchased a new stake in shares of Oracle during the 2nd quarter worth $4,275,378,000. Nuveen LLC purchased a new stake in shares of Oracle during the 1st quarter worth $732,692,000. GAMMA Investing LLC boosted its position in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after purchasing an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Oracle during the 2nd quarter worth $731,512,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

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.