Oracle Co. (NYSE:ORCL) insider Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $46.61, for a total transaction of $18,644,000.00. Following the sale, the insider now owns 400,000 shares in the company, valued at approximately $18,644,000. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Oracle Co. (NYSE:ORCL) opened at 45.23 on Tuesday. Oracle Co. has a 12-month low of $37.62 and a 12-month high of $46.99. The stock has a market capitalization of $185.55 billion, a PE ratio of 21.59 and a beta of 1.14. The company’s 50-day moving average is $41.91 and its 200 day moving average is $40.00.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The company earned $9.27 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Oracle Co. will post $2.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be paid a $0.19 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. Oracle’s dividend payout ratio is 28.99%.
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Several large investors have recently made changes to their positions in ORCL. Proficio Capital Partners LLC boosted its stake in shares of Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 135 shares during the period. Penserra Capital Management LLC raised its stake in Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock worth $128,000 after buying an additional 1,283 shares in the last quarter. Clean Yield Group raised its stake in Oracle by 3.1% in the third quarter. Clean Yield Group now owns 3,293 shares of the enterprise software provider’s stock worth $129,000 after buying an additional 99 shares in the last quarter. Valley National Advisers Inc. raised its stake in Oracle by 2.9% in the third quarter. Valley National Advisers Inc. now owns 3,666 shares of the enterprise software provider’s stock worth $144,000 after buying an additional 105 shares in the last quarter. Finally, First Bank & Trust purchased a new stake in Oracle during the fourth quarter worth approximately $141,000. 57.95% of the stock is owned by institutional investors.
Several brokerages recently commented on ORCL. Wunderlich reissued a “hold” rating and issued a $46.00 price objective (up previously from $43.00) on shares of Oracle in a research note on Monday. Wedbush increased their price objective on shares of Oracle to $43.00 in a research note on Thursday, March 16th. Jefferies Group LLC reissued a “buy” rating and issued a $51.00 price objective on shares of Oracle in a research note on Monday, March 13th. Macquarie reissued a “buy” rating and issued a $48.00 price objective on shares of Oracle in a research note on Tuesday, March 14th. Finally, Vetr raised shares of Oracle from a “hold” rating to a “buy” rating and set a $47.09 price objective for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $45.81.
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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