Oracle Corporation (NYSE:ORCL) insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the completion of the transaction, the insider now directly owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Oracle Corporation (NYSE:ORCL) traded up $0.35 on Friday, reaching $50.58. 14,011,470 shares of the company’s stock were exchanged, compared to its average volume of 18,230,000. Oracle Corporation has a one year low of $39.43 and a one year high of $53.14. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $211,090.00, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.

Oracle declared that its board has authorized a share repurchase plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. Oracle’s payout ratio is 32.62%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORCL. Acrospire Investment Management LLC grew its position in shares of Oracle 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 purchasing an additional 1,800 shares during the period. Burt Wealth Advisors grew its position in shares of Oracle 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 purchasing an additional 88 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of Oracle by 81,200.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Oracle in the second quarter valued at about $129,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Oracle in the second quarter valued at about $133,000. 57.89% of the stock is owned by institutional investors.

A number of research firms have issued reports on ORCL. Vetr raised shares of Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price target for the company in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Royal Bank of Canada set a $53.00 price target on shares of Oracle and gave the stock a “buy” rating in a report on Tuesday, December 12th. Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 price target on shares of Oracle in a report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. set a $55.00 price target on shares of Oracle and gave the stock a “buy” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.27.

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Oracle 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.

Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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