Oracle Co. (NYSE:ORCL) – Research analysts at Jefferies Group raised their Q1 2019 earnings per share (EPS) estimates for shares of Oracle in a report released on Tuesday. Jefferies Group analyst J. Difucci now forecasts that the enterprise software provider will post earnings per share of $0.62 for the quarter, up from their prior estimate of $0.56. Jefferies Group currently has a “Buy” rating and a $61.00 target price on the stock. Jefferies Group also issued estimates for Oracle’s Q3 2019 earnings at $0.74 EPS and Q4 2019 earnings at $0.93 EPS.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share.
Shares of Oracle stock opened at $44.79 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 5.04. The stock has a market capitalization of $194,644.09, a P/E ratio of 54.62, a PEG ratio of 1.78 and a beta of 1.05. Oracle has a 52-week low of $43.60 and a 52-week high of $53.48.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. Oracle’s payout ratio is currently 92.68%.
Oracle declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total value of $186,450.00. Following the sale, the director now directly owns 18,125 shares in the company, valued at $901,175. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the completion of the sale, the executive vice president now owns 37,576 shares in the company, valued at $1,953,952. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,856,250 shares of company stock worth $93,571,688. Insiders own 29.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its holdings in 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 during the last quarter. Tarbox Family Office Inc. grew its holdings in shares of Oracle by 71.1% during the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after purchasing an additional 965 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings 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 worth $118,000 after purchasing an additional 2,436 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Oracle during the fourth quarter worth about $126,000. Finally, ETF Managers Group LLC purchased a new position in shares of Oracle during the second quarter worth about $133,000. Institutional investors and hedge funds own 57.93% of the company’s stock.
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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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