Oracle Co. (NYSE:ORCL) Director Michael J. Boskin Sells 45,000 Shares of Stock

Oracle Co. (NYSE:ORCL) Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Oracle Stock Performance

NYSE:ORCL opened at $117.39 on Thursday. The firm has a market capitalization of $322.65 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12-month low of $96.10 and a 12-month high of $132.77. The firm has a 50-day moving average price of $120.19 and a 200 day moving average price of $113.57.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. Research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Institutional Investors Weigh In On Oracle

A number of large investors have recently bought and sold shares of the business. Orion Capital Management LLC acquired a new position in Oracle during the 3rd quarter worth about $25,000. Westend Capital Management LLC acquired a new stake in Oracle in the first quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle in the 3rd quarter valued at about $27,000. Finally, Tidemark LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. KeyCorp began coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. BMO Capital Markets raised their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Oppenheimer assumed coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, HSBC raised their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.