Oracle Corporation (NYSE:ORCL) Short Interest Update

by · The Cerbat Gem

Oracle Corporation (NYSE:ORCL – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 34,761,104 shares, an increase of 19.5% from the January 15th total of 29,096,646 shares. Based on an average daily volume of 27,939,104 shares, the short-interest ratio is presently 1.2 days. Currently, 2.0% of the shares of the company are sold short. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 27,939,104 shares, the short-interest ratio is presently 1.2 days.

Oracle Stock Performance

Shares of NYSE ORCL traded down $6.20 during midday trading on Tuesday, hitting $153.94. The company’s stock had a trading volume of 19,560,188 shares, compared to its average volume of 31,118,608. The firm has a market cap of $442.29 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.40 and a beta of 1.64. The firm’s fifty day moving average price is $181.17 and its 200-day moving average price is $229.62. Oracle has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The company had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the previous year, the firm earned $1.47 EPS. Oracle’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that Oracle will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, January 9th. Oracle’s dividend payout ratio (DPR) is currently 37.59%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Clayton M. Magouyrk sold 10,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $155.23, for a total value of $1,552,300.00. Following the completion of the sale, the chief executive officer directly owned 134,030 shares in the company, valued at $20,805,476.90. This represents a 6.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,223 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $196.61, for a total value of $437,064.03. Following the completion of the transaction, the director owned 25,596 shares of the company’s stock, valued at $5,032,429.56. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 72,223 shares of company stock valued at $13,689,064. Company insiders own 40.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. HFM Investment Advisors LLC increased its stake in shares of Oracle by 290.9% during the 4th quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider’s stock worth $25,000 after purchasing an additional 96 shares during the last quarter. Basepoint Wealth LLC acquired a new position in Oracle during the fourth quarter worth approximately $26,000. Winnow Wealth LLC bought a new stake in Oracle in the second quarter valued at approximately $28,000. Cornerstone Financial Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $28,000. Finally, FSA Wealth Management LLC bought a new position in shares of Oracle during the 3rd quarter worth approximately $28,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen lowered their price objective on shares of Oracle from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company initiated coverage on shares of Oracle in a research note on Wednesday, December 3rd. They issued an “overweight” rating and a $280.00 target price for the company. DA Davidson upgraded shares of Oracle from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Monday, February 9th. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price objective on shares of Oracle in a research report on Monday, January 5th. Finally, Weiss Ratings lowered Oracle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $290.97.

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Key Headlines Impacting Oracle

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Oracle Company Profile

(Get Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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