George H. Conrades Sells 56,250 Shares of Oracle Corporation (ORCL) Stock
Oracle Corporation (NYSE:ORCL) Director George H. Conrades sold 56,250 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $48.22, for a total transaction of $2,712,375.00. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at $482,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Oracle Corporation (NYSE ORCL) opened at 48.35 on Friday. The company has a market capitalization of $201.77 billion, a PE ratio of 21.03 and a beta of 1.05. The company has a 50 day moving average price of $49.85 and a 200-day moving average price of $47.11. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, analysts anticipate that Oracle Corporation will post $2.94 EPS for the current 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 paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
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Several analysts recently commented on ORCL shares. Goldman Sachs Group, Inc. (The) set a $49.00 price target on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. Bank of America Corporation restated a “buy” rating and set a $62.00 price target (up from $54.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Canaccord Genuity cut shares of Oracle Corporation to a “buy” rating and raised their price target for the stock from $49.00 to $56.00 in a report on Thursday, June 22nd. UBS AG restated a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Rosenblatt Securities restated a “buy” rating and set a $55.00 price target on shares of Oracle Corporation in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $53.33.
Large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its stake in Oracle Corporation 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 in the last quarter. Burt Wealth Advisors boosted its stake in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC boosted its stake in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares in the last quarter. Finally, Baystate Wealth Management LLC boosted its stake in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 206 shares in the last quarter. 58.65% of the stock is currently owned by institutional investors and hedge funds.
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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