Oracle Co. (NYSE:ORCL) insider Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $46.61, for a total transaction of $18,644,000.00. Following the completion of the sale, the insider now directly owns 400,000 shares in the company, valued at $18,644,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Oracle Co. (NYSE:ORCL) traded down 0.821% on Monday, reaching $45.285. 11,077,500 shares of the company’s stock traded hands. The stock has a market capitalization of $185.78 billion, a PE ratio of 21.616 and a beta of 1.14. The company has a 50 day moving average of $41.91 and a 200-day moving average of $40.00. Oracle Co. has a 52 week low of $37.62 and a 52 week high of $46.99.
Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The business had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post $2.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be given a dividend of $0.19 per share. This is a boost from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, April 10th. Oracle’s payout ratio is presently 28.99%.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC boosted its position in Oracle by 0.6% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 4,226 shares of the enterprise software provider’s stock worth $166,000 after buying an additional 25 shares during the last quarter. Zions Bancorporation boosted its position in Oracle by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock worth $152,000 after buying an additional 36 shares during the last quarter. Alpha Windward LLC boosted its position in Oracle by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock worth $197,000 after buying an additional 44 shares during the last quarter. Capital Asset Advisory Services LLC boosted its position in Oracle by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock worth $244,000 after buying an additional 55 shares during the last quarter. Finally, Girard Partners LTD. boosted its position in Oracle by 0.6% in the third quarter. Girard Partners LTD. now owns 14,175 shares of the enterprise software provider’s stock worth $557,000 after buying an additional 88 shares during the last quarter. 57.95% of the stock is currently owned by institutional investors and hedge funds.
ORCL has been the topic of a number of recent analyst reports. DA Davidson set a $52.00 price objective on shares of Oracle and gave the company a “buy” rating in a research report on Tuesday, November 22nd. Vetr raised shares of Oracle from a “hold” rating to a “buy” rating and set a $42.92 price objective on the stock in a research report on Monday, November 28th. Wedbush reissued a “neutral” rating and issued a $41.00 price objective on shares of Oracle in a research report on Friday, December 2nd. Cowen and Company reissued an “outperform” rating and issued a $46.00 price objective on shares of Oracle in a research report on Sunday, December 4th. Finally, BTIG Research reissued a “buy” rating and issued a $47.00 price objective on shares of Oracle in a research report on Sunday, December 4th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.82.
Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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