Pinnacle West Asset Management Inc. Sells 75 Shares of Oracle Corporation $ORCL

Pinnacle West Asset Management Inc. cut its position in Oracle Corporation (NYSE:ORCL) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,860 shares of the enterprise software provider’s stock after selling 75 shares during the period. Oracle comprises about 1.6% of Pinnacle West Asset Management Inc.’s portfolio, making the stock its 15th largest position. Pinnacle West Asset Management Inc.’s holdings in Oracle were worth $2,374,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC raised its holdings 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 purchasing an additional 151 shares during the period. Legend Financial Advisors Inc. acquired a new stake in Oracle in the second quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in Oracle in the second quarter worth $38,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company’s stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction 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 approximately $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,314 shares of company stock worth $31,272,223. Insiders own 40.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ORCL. Cantor Fitzgerald raised their price objective on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Jefferies Financial Group raised their price objective on shares of Oracle from $270.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Berenberg Bank raised their price objective on shares of Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a report on Monday, September 15th. Robert W. Baird began coverage on shares of Oracle in a report on Wednesday. They set an “outperform” rating and a $365.00 price objective on the stock. Finally, Evercore ISI raised their price objective on shares of Oracle from $340.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $306.71.

Oracle Stock Down 1.3%

Oracle stock opened at $293.04 on Friday. The company has a market cap of $835.40 billion, a P/E ratio of 67.83, a price-to-earnings-growth ratio of 3.20 and a beta of 1.53. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a fifty day simple moving average of $266.69 and a 200 day simple moving average of $209.86. 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 (NYSE:ORCL) last released its 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 business had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given 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 dividend payout ratio (DPR) is 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.