Oracle Co. (NYSE:ORCL) Director Sells $648,850.00 in Stock

by · The Cerbat Gem

Oracle Co. (NYSE:ORCL – Get Free Report) Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Oracle Trading Down 0.9 %

NYSE:ORCL opened at $128.56 on Friday. The stock has a market cap of $359.58 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50-day moving average is $151.82 and its two-hundred day moving average is $166.61.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 EPS. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $220.00 price target on shares of Oracle in a research note on Thursday, April 3rd. BMO Capital Markets dropped their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 11th. Barclays decreased their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Evercore ISI cut their target price on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.73.

Check Out Our Latest Report on Oracle

Institutional Investors Weigh In On Oracle

A number of hedge funds and other institutional investors have recently made changes to their positions in ORCL. R Squared Ltd bought a new position in Oracle during the fourth quarter valued at approximately $25,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter valued at $30,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Hurley Capital LLC acquired a new position in Oracle during the fourth quarter worth $33,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Oracle in the fourth quarter worth about $34,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

About Oracle

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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.

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