Media stories about Oracle Corporation (NYSE:ORCL) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oracle Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media headlines about the enterprise software provider an impact score of 46.0675855791114 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Richard Foote’s Oracle Blog (richardfoote.wordpress.com)
- Edited Transcript of ORCL earnings conference call or presentation 21-Jun-17 9:00pm GMT (finance.yahoo.com)
- Oracle’s Mark Hurd: Enterprise clouds are the safe security bet, and might even save CEOs’ jobs (siliconangle.com)
- More Downside Ahead for Oracle (realmoneypro.thestreet.com)
- Oracle Corp (ORCL) Crosses Pivot Point Support at $48.82 (mysmartrend.com)
ORCL has been the topic of a number of recent analyst reports. Benchmark Co. initiated coverage on shares of Oracle Corporation in a report on Thursday, April 27th. They issued a “buy” rating and a $55.00 price target on the stock. Vetr lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a report on Thursday, May 4th. Societe Generale lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and cut their price target for the stock from $51.00 to $50.00 in a report on Thursday, May 11th. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the stock. Oracle Corporation presently has a consensus rating of “Buy” and a consensus target price of $50.70.
Oracle Corporation (NYSE ORCL) traded up 1.26% on Monday, hitting $48.85. 9,229,055 shares of the stock were exchanged. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The stock’s 50 day moving average price is $50.10 and its 200 day moving average price is $45.40. The firm has a market cap of $202.08 billion, a PE ratio of 22.10 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. Equities research analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.
In other news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark V. Hurd sold 350,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.76, for a total value of $17,416,000.00. Following the transaction, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at $27,561,616.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,813,750 shares of company stock valued at $91,377,700. 29.00% of the stock is currently owned by corporate insiders.
About Oracle Corporation
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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