Oracle Corporation (ORCL) Insider Sells $85,493,000.00 in Stock

Oracle Corporation (NYSE:ORCL) insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the sale, the insider now directly owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Oracle Corporation (NYSE:ORCL) traded up $0.35 during trading on Friday, hitting $50.58. 14,011,470 shares of the company’s stock were exchanged, compared to its average volume of 18,230,000. Oracle Corporation has a 12-month low of $39.10 and a 12-month high of $53.14. The company has a market capitalization of $211,090.00, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The firm had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. sell-side analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

Oracle declared that its board has authorized a share repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is 32.62%.

Several institutional investors have recently added to or reduced their stakes in ORCL. Acrospire Investment Management LLC lifted its stake in shares of Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its position in shares of Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Oracle during the second quarter valued at about $129,000. Finally, ETF Managers Group LLC bought a new position in shares of Oracle during the second quarter valued at about $133,000. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on ORCL shares. Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price objective for the company. in a research report on Wednesday. Drexel Hamilton reiterated a “buy” rating and set a $62.00 price objective on shares of Oracle in a research report on Monday, October 2nd. BMO Capital Markets lowered their price objective on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, December 15th. Morgan Stanley upgraded shares of Oracle from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $46.63 to $47.71 in a research report on Wednesday, January 3rd. Finally, Canaccord Genuity started coverage on shares of Oracle in a research report on Friday, October 6th. They set a “buy” rating and a $57.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $55.27.

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About Oracle

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.

Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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