Investors Buy Oracle Corporation (ORCL) on Weakness
Investors purchased shares of Oracle Corporation (NYSE:ORCL) on weakness during trading hours on Tuesday. $157.42 million flowed into the stock on the tick-up and $102.36 million flowed out of the stock on the tick-down, for a money net flow of $55.06 million into the stock. Of all companies tracked, Oracle Corporation had the 3rd highest net in-flow for the day. Oracle Corporation traded down ($0.39) for the day and closed at $48.63
Several analysts recently issued reports on ORCL shares. Vetr lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price objective on the stock. in a report on Sunday, September 3rd. Zacks Investment Research lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Jefferies Group LLC restated a “buy” rating and set a $60.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and set a $53.00 target price on shares of Oracle Corporation in a research note on Sunday, August 27th. Finally, BidaskClub raised Oracle Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Oracle Corporation currently has an average rating of “Buy” and a consensus price target of $54.85.
The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The stock has a market capitalization of $204,580.00, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is 33.19%.
In related news, Director George H. Conrades sold 56,250 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $48.25, for a total transaction of $2,714,062.50. Following the completion of the transaction, the director now owns 66,250 shares in the company, valued at approximately $3,196,562.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,821,999 over the last quarter. Company insiders own 29.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC boosted its position in Oracle Corporation by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors boosted its position in Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Oracle Corporation by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares during the period. Finally, TrimTabs Asset Management LLC boosted its position in Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the period. Institutional investors own 58.09% 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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