Investors Sell Oracle (ORCL) on Strength (ORCL)
Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Tuesday. $57.06 million flowed into the stock on the tick-up and $113.06 million flowed out of the stock on the tick-down, for a money net flow of $56.00 million out of the stock. Of all stocks tracked, Oracle had the 14th highest net out-flow for the day. Oracle traded up $0.29 for the day and closed at $49.51
ORCL has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Oracle from $48.00 to $51.00 and gave the company a “positive” rating in a research report on Thursday, August 9th. Societe Generale set a $50.00 price target on shares of Oracle and gave the company a “neutral” rating in a research report on Tuesday, August 14th. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Barclays raised their price target on shares of Oracle from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, September 7th. Finally, KeyCorp reissued a “hold” rating on shares of Oracle in a research report on Wednesday, September 12th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Oracle currently has a consensus rating of “Hold” and an average target price of $53.71.
The stock has a market capitalization of $209.51 billion, a P/E ratio of 17.56, a PEG ratio of 1.70 and a beta of 1.12. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, October 15th. Oracle’s dividend payout ratio is 26.95%.
Oracle announced that its Board of Directors has approved a stock repurchase program on Monday, September 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to reacquire up to 5.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other news, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now owns 109,615 shares in the company, valued at $5,582,691.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,946 shares of company stock worth $7,248,965. Insiders own 32.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in shares of Oracle in the third quarter worth about $107,000. WESPAC Advisors SoCal LLC purchased a new position in shares of Oracle in the third quarter worth about $119,000. ELM Advisors LLC purchased a new position in shares of Oracle in the third quarter worth about $122,000. Kiley Juergens Wealth Management LLC increased its stake in shares of Oracle by 70.9% in the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Palo Capital Inc. purchased a new position in shares of Oracle in the third quarter worth about $141,000. Hedge funds and other institutional investors own 53.14% of the company’s stock.
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Oracle Company Profile (NYSE:ORCL)
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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