Oracle Corporation (ORCL) Sees Large Increase in Short Interest
Oracle Corporation (NYSE:ORCL) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 29,364,653 shares, a growth of 14.7% from the October 13th total of 25,600,264 shares. Based on an average daily volume of 14,130,873 shares, the short-interest ratio is presently 2.1 days. Currently, 1.0% of the shares of the stock are sold short.
Shares of Oracle Corporation (NYSE ORCL) opened at $49.20 on Wednesday. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $205,340.00, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.88 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts expect that Oracle Corporation will post 2.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
In related news, Director Jeffrey Berg sold 45,000 shares of Oracle Corporation stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Insiders sold a total of 302,026 shares of company stock worth $14,638,887 in the last 90 days. 29.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Oracle Corporation by 2.6% during the 2nd 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. BlackRock Inc. increased its position in Oracle Corporation by 2.5% during the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after buying an additional 4,678,977 shares during the period. State Street Corp increased its position in Oracle Corporation by 1.0% during the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock worth $5,495,769,000 after buying an additional 1,187,802 shares during the period. Bank of New York Mellon Corp increased its position in Oracle Corporation by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after buying an additional 1,521,879 shares during the period. Finally, Harris Associates L P increased its position in Oracle Corporation by 17.9% during the 2nd 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. Hedge funds and other institutional investors own 58.05% of the company’s stock.
A number of research firms recently issued reports on ORCL. UBS AG reaffirmed a “neutral” rating and issued a $55.00 price target (down from $57.00) on shares of Oracle Corporation in a report on Thursday, November 9th. Vetr raised Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price target for the company in a report on Monday. BidaskClub cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 price target on shares of Oracle Corporation in a report on Monday, October 2nd. Finally, Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Twelve analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Oracle Corporation currently has a consensus rating of “Buy” and a consensus price target of $55.05.
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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