Oracle Corporation (ORCL) Director Jeffrey Berg Sells 45,000 Shares
Oracle Corporation (NYSE:ORCL) Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Oracle Corporation (NYSE:ORCL) traded up 0.44% during trading on Friday, reaching $48.18. The company’s stock had a trading volume of 10,298,681 shares. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The stock has a 50-day moving average of $49.85 and a 200-day moving average of $47.11. The stock has a market cap of $199.31 billion, a P/E ratio of 21.80 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business 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 company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts predict that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. Oracle Corporation’s dividend payout ratio is currently 33.19%.
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Several equities analysts recently issued reports on the company. UBS AG reiterated a “buy” rating and issued a $52.00 price target (up previously from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. BMO Capital Markets increased their target price on Oracle Corporation from $48.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 22nd. Wedbush raised Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their target price for the company from $56.00 to $44.00 in a research note on Thursday, June 22nd. Moffett Nathanson assumed coverage on Oracle Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Vetr raised Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 target price on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the stock. Oracle Corporation presently has a consensus rating of “Buy” and an average target price of $53.33.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ORCL. Macquarie Group Ltd. increased its holdings in shares of Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after buying an additional 18,351,920 shares during the period. BT Investment Management Ltd purchased a new position in shares of Oracle Corporation in the second quarter worth about $459,738,000. Harris Associates L P increased its holdings in shares of Oracle Corporation by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after buying an additional 7,427,501 shares during the period. FMR LLC increased its holdings in shares of Oracle Corporation by 24.8% in the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock worth $1,658,750,000 after buying an additional 6,577,297 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Oracle Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after buying an additional 5,270,359 shares during the period. Hedge funds and other institutional investors own 58.64% of the company’s stock.
Oracle Corporation 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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