Hector Garcia-Molina Sells 3,750 Shares of Oracle Corporation (ORCL) Stock
Oracle Corporation (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $912,593.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Hector Garcia-Molina also recently made the following trade(s):
- On Tuesday, August 15th, Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock. The stock was sold at an average price of $48.86, for a total value of $183,225.00.
- On Monday, July 17th, Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock. The stock was sold at an average price of $50.30, for a total value of $188,625.00.
Oracle Corporation (NYSE:ORCL) opened at 48.74 on Friday. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14. The stock’s 50 day moving average price is $49.96 and its 200-day moving average price is $46.98. The firm has a market cap of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be given a $0.19 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
Hedge funds have recently modified their holdings of the stock. Boston Partners raised its position in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares in the last quarter. LGT Capital Partners LTD. raised its position in shares of Oracle Corporation by 14.0% in the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock worth $31,260,000 after buying an additional 76,653 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Oracle Corporation in the first quarter worth $1,522,000. Lockheed Martin Investment Management Co. raised its position in shares of Oracle Corporation by 21.4% in the first quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock worth $3,286,000 after buying an additional 13,000 shares in the last quarter. Finally, BerganKDV Wealth Management LLC raised its position in shares of Oracle Corporation by 2.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock worth $581,000 after buying an additional 255 shares in the last quarter. Institutional investors own 58.67% of the company’s stock.
ORCL has been the topic of a number of research analyst reports. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $49.00 price target on shares of Oracle Corporation in a research report on Friday, May 26th. OTR Global raised Oracle Corporation to a “positive” rating in a research report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a $49.00 price target on Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, Wedbush dropped their price target on Oracle Corporation from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have assigned a buy rating to the company. Oracle Corporation has an average rating of “Buy” and a consensus price target of $52.44.
About Oracle Corporation
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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