Oracle (NYSE:ORCL) Trading Down 4.8% After Insider Selling

by · The Cerbat Gem

Oracle Co. (NYSE:ORCL – Get Free Report) was down 4.8% during trading on Friday after an insider sold shares in the company. The company traded as low as $126.95 and last traded at $130.59. Approximately 4,378,480 shares changed hands during trading, a decline of 52% from the average daily volume of 9,049,779 shares. The stock had previously closed at $137.23.

Specifically, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. Citigroup dropped their price target on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and issued a $220.00 price target on shares of Oracle in a research report on Thursday. DA Davidson restated a “neutral” rating and set a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Finally, Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.65.

Check Out Our Latest Research Report on Oracle

Oracle Stock Performance

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $358.48 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The firm’s 50-day moving average is $160.05 and its two-hundred day moving average is $169.34.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Institutional Inflows and Outflows

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

Oracle Company Profile

(Get Free Report)

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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