Oracle Corporation (ORCL) Director Sells $541,125.00 in Stock
Oracle Corporation (NYSE:ORCL) Director George H. Conrades sold 11,250 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $48.10, for a total transaction of $541,125.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $481,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Oracle Corporation (NYSE:ORCL) opened at 48.35 on Monday. The firm’s 50-day moving average is $49.85 and its 200 day moving average is $47.11. The stock has a market capitalization of $201.77 billion, a PE ratio of 21.03 and a beta of 1.05. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion during 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%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. On average, equities analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.
The company also recently declared 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 1.57%. Oracle Corporation’s dividend payout ratio is 33.19%.
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A number of hedge funds and other institutional investors have recently modified their holdings of ORCL. Nicolet Bankshares Inc. boosted its position in shares of Oracle Corporation by 103.4% during the first quarter. Nicolet Bankshares Inc. now owns 26,925 shares of the enterprise software provider’s stock worth $1,201,000 after purchasing an additional 13,688 shares in the last quarter. Global Thematic Partners LLC grew its holdings in shares of Oracle Corporation by 11.0% in the 1st quarter. Global Thematic Partners LLC now owns 2,772,523 shares of the enterprise software provider’s stock valued at $123,680,000 after buying an additional 275,475 shares during the period. Van Cleef Asset Management Inc grew its holdings in shares of Oracle Corporation by 1.4% in the 1st quarter. Van Cleef Asset Management Inc now owns 165,813 shares of the enterprise software provider’s stock valued at $7,397,000 after buying an additional 2,250 shares during the period. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Oracle Corporation by 2.7% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 82,221 shares of the enterprise software provider’s stock valued at $3,429,000 after buying an additional 2,181 shares during the period. Finally, Baxter Bros Inc. acquired a new position in shares of Oracle Corporation in the 1st quarter valued at $202,000. Hedge funds and other institutional investors own 58.66% of the company’s stock.
Several equities research analysts recently issued reports on the stock. UBS AG reaffirmed a “buy” rating and set a $52.00 price target (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Wedbush raised shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $56.00 to $44.00 in a research report on Thursday, June 22nd. BMO Capital Markets upped their price objective on shares of Oracle Corporation from $48.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, June 22nd. Moffett Nathanson assumed coverage on Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price for the company. Finally, Vetr upgraded Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 target price for the company in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.33.
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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