Park Place Capital Corp Sells 102 Shares of Oracle Corporation $ORCL

Park Place Capital Corp reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 8.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,181 shares of the enterprise software provider’s stock after selling 102 shares during the quarter. Park Place Capital Corp’s holdings in Oracle were worth $259,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. grew its stake in Oracle by 71.6% during 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 purchasing an additional 107,404 shares during the last quarter. Lockheed Martin Investment Management Co. grew its stake in Oracle by 4.3% during 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 purchasing an additional 2,110 shares during the last quarter. Elser Financial Planning Inc purchased a new stake in Oracle during the 2nd quarter valued at about $1,066,000. Canoe Financial LP grew its stake in Oracle by 314.8% during the 2nd quarter. Canoe Financial LP now owns 484,098 shares of the enterprise software provider’s stock valued at $105,838,000 after purchasing an additional 367,400 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Oracle in the first quarter worth about $108,572,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on ORCL. Oppenheimer restated an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Berenberg Bank upped their price target on Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Rothschild & Co Redburn began coverage on Oracle in a report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $304.71.

Insider Buying and Selling at Oracle

In related news, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares in the company, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,314 shares of company stock valued at $33,602,123. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $281.01 on Wednesday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $801.10 billion, a PE ratio of 65.05, a P/E/G ratio of 3.04 and a beta of 1.46. The stock has a 50 day moving average price of $259.82 and a 200 day moving average price of $202.64.

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

Oracle Announces Dividend

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