Traders Sell Oracle (ORCL) on Strength (ORCL)

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Traders sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Wednesday. $92.01 million flowed into the stock on the tick-up and $212.10 million flowed out of the stock on the tick-down, for a money net flow of $120.09 million out of the stock. Of all companies tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.26 for the day and closed at $53.06

Several research analysts recently issued reports on the stock. Mitsubishi UFJ Financial Group increased their price target on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group increased their price target on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. BMO Capital Markets cut shares of Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price target for the company. in a report on Friday. Finally, Royal Bank of Canada increased their price target on shares of Oracle to $57.00 and gave the stock a “sector perform” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Oracle has a consensus rating of “Hold” and an average target price of $52.64.

The stock has a market capitalization of $218.57 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.75 and a beta of 1.08. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.66.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the business posted $0.83 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 3.07 earnings per share for the current year.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $51.51, for a total value of $193,162.50. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,440,683.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 6,302 shares of Oracle stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $43.24, for a total transaction of $272,498.48. Following the completion of the transaction, the executive vice president now directly owns 77,919 shares of the company’s stock, valued at $3,369,217.56. The disclosure for this sale can be found here. Insiders sold a total of 42,552 shares of company stock valued at $1,945,486 over the last ninety days. Company insiders own 32.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ORCL. Norges Bank acquired a new position in Oracle during the 4th quarter valued at about $1,235,719,000. Oregon Public Employees Retirement Fund boosted its stake in Oracle by 4,197.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,616,969 shares of the enterprise software provider’s stock valued at $302,000 after purchasing an additional 13,300,077 shares during the period. Matthew Goff Investment Advisor LLC boosted its stake in Oracle by 4,306.0% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 5,431,102 shares of the enterprise software provider’s stock valued at $123,266,000 after purchasing an additional 5,307,836 shares during the period. Franklin Resources Inc. boosted its stake in Oracle by 13.1% during the 3rd quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock valued at $1,512,636,000 after purchasing an additional 3,393,152 shares during the period. Finally, Morgan Stanley boosted its stake in Oracle by 20.1% during the 3rd quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock valued at $1,029,110,000 after purchasing an additional 3,340,653 shares during the period. 46.80% of the stock is owned by hedge funds and other institutional investors.

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About Oracle (NYSE:ORCL)

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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