PNC Financial Services Group Inc. Sells 39,368 Shares of Oracle Corporation $ORCL

PNC Financial Services Group Inc. cut its holdings in Oracle Corporation (NYSE:ORCL) by 1.2% during the 2nd quarter, Holdings Channel reports. The firm owned 3,217,897 shares of the enterprise software provider’s stock after selling 39,368 shares during the period. PNC Financial Services Group Inc.’s holdings in Oracle were worth $703,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Financial Advisors LLC purchased a new position in Oracle during the 2nd quarter valued at $33,000. Legend Financial Advisors Inc. purchased a new position in shares of Oracle during the 2nd quarter worth approximately $34,000. HighMark Wealth Management LLC bought a new position in shares of Oracle in the 2nd quarter worth approximately $38,000. Moser Wealth Advisors LLC lifted its stake in shares of Oracle by 1,770.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock valued at $41,000 after purchasing an additional 177 shares during the period. Finally, Orion Capital Management LLC boosted its position in shares of Oracle by 32.2% during the second quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider’s stock valued at $42,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total value of $641,958.02. Following the transaction, the director owned 29,225 shares of the company’s stock, valued at $8,443,394.75. This represents a 7.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the transaction, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. The trade was a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 204,254 shares of company stock valued at $60,227,807 over the last quarter. Corporate insiders own 40.90% of the company’s stock.

Oracle Trading Down 2.0%

Oracle stock opened at $235.95 on Wednesday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a market cap of $672.64 billion, a P/E ratio of 54.62, a P/E/G ratio of 2.96 and a beta of 1.51. 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 business has a 50-day simple moving average of $279.83 and a two-hundred day simple moving average of $232.71.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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). The firm had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 earnings per share. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle’s dividend payout ratio is currently 46.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ORCL shares. Evercore ISI increased their price objective on Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Berenberg Bank increased their price target on shares of Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, September 8th. Bank of America upgraded shares of Oracle from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $295.00 to $368.00 in a report on Wednesday, September 10th. Finally, Stephens lifted their target price on shares of Oracle from $208.00 to $331.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.69.

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.