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.
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.
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.
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.