Traders Sell Oracle Corporation (ORCL) on Strength (ORCL)
Traders sold shares of Oracle Corporation (NYSE:ORCL) on strength during trading on Monday. $84.34 million flowed into the stock on the tick-up and $121.53 million flowed out of the stock on the tick-down, for a money net flow of $37.19 million out of the stock. Of all equities tracked, Oracle Corporation had the 22nd highest net out-flow for the day. Oracle Corporation traded up $0.08 for the day and closed at $49.02
ORCL has been the topic of a number of research analyst reports. Moffett Nathanson initiated coverage on Oracle Corporation in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price target on the stock. Vetr raised Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 price target on the stock in a report on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Friday, August 18th. Finally, BidaskClub cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Eleven research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Oracle Corporation presently has an average rating of “Buy” and an average target price of $54.95.
The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $204,580.00, a P/E ratio of 19.19, a P/E/G ratio of 1.86 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS 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 company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period 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. research analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders 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 1.55%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the 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 transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Keel Point LLC increased its holdings in shares of Oracle Corporation by 0.3% in the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after purchasing an additional 14 shares during the period. Alpha Windward LLC increased its holdings in shares of Oracle Corporation by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after purchasing an additional 19 shares during the period. Joel Isaacson & Co. LLC increased its holdings in shares of Oracle Corporation by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after purchasing an additional 24 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Oracle Corporation by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock valued at $404,000 after purchasing an additional 35 shares during the period. Finally, Partnervest Advisory Services LLC increased its holdings in shares of Oracle Corporation by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after purchasing an additional 39 shares during the period. 58.09% of the stock is currently owned by institutional investors and hedge funds.
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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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