Hector Garcia-Molina Sells 4,643 Shares of Oracle Co. (NYSE:ORCL) Stock

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Oracle Co. (NYSE:ORCL) Director Hector Garcia-Molina sold 4,643 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $53.14, for a total transaction of $246,729.02. Following the completion of the transaction, the director now owns 38,562 shares in the company, valued at $2,049,184.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE ORCL opened at $53.37 on Friday. The company’s 50 day moving average is $53.45 and its 200-day moving average is $54.48. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50. The company has a quick ratio of 2.49, a current ratio of 2.25 and a debt-to-equity ratio of 2.67. The firm has a market cap of $174.74 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $9.22 billion for the quarter, compared to analyst estimates of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Equities analysts expect that Oracle Co. will post 3.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, October 9th. Oracle’s dividend payout ratio (DPR) is presently 30.38%.

Oracle announced that its board has authorized a share buyback program on Wednesday, September 11th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire up to 8.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

ORCL has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. Wells Fargo & Co boosted their target price on shares of Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. set a $56.00 target price on shares of Oracle and gave the company a “neutral” rating in a research note on Thursday, September 12th. Wedbush reiterated a “neutral” rating and issued a $55.00 target price on shares of Oracle in a research note on Friday, September 13th. Finally, Raymond James boosted their target price on shares of Oracle from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.49.

A number of institutional investors have recently bought and sold shares of ORCL. Evolution Wealth Advisors LLC increased its holdings in Oracle by 346.0% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after acquiring an additional 346 shares during the period. Covenant Multifamily Offices LLC bought a new stake in Oracle during the 1st quarter worth approximately $35,000. Next Capital Management LLC bought a new stake in Oracle during the 2nd quarter worth approximately $36,000. Shamrock Asset Management LLC increased its holdings in Oracle by 577.0% during the 2nd quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 577 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in Oracle during the 2nd quarter worth approximately $40,000. 53.05% of the stock is currently owned by institutional investors and hedge funds.

Oracle Company Profile

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

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