Media stories about Oracle (NYSE:ORCL) have been trending somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oracle earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the enterprise software provider an impact score of 47.0873731879519 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Oracle Partner Openprise Launches Data Orchestration Platform (martechseries.com)
- Deloitte named a Leader in Gartner Magic Quadrant for Oracle Application Services, Worldwide (prnewswire.com)
- Oracle announces polyglot virtual machine, GraalVM (sdtimes.com)
- FireEye Beefs Up Cybersecurity, Boosts Alliance With Oracle (finance.yahoo.com)
- Microsoft's new cybersecurity accord (finance.yahoo.com)
A number of equities analysts have weighed in on the stock. Monness Crespi & Hardt assumed coverage on shares of Oracle in a research note on Wednesday, April 11th. They set a “neutral” rating on the stock. William Blair reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, March 20th. Cleveland Research reaffirmed a “hold” rating on shares of Oracle in a research note on Saturday, March 17th. OTR Global downgraded shares of Oracle to a “positive” rating in a research note on Friday, March 9th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $53.00 price objective (down previously from $55.00) on shares of Oracle in a research report on Tuesday, March 20th. Seventeen equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Oracle currently has an average rating of “Buy” and a consensus price target of $56.11.
ORCL stock traded up $0.61 during mid-day trading on Tuesday, hitting $46.66. 10,762,747 shares of the company were exchanged, compared to its average volume of 17,074,131. The firm has a market cap of $190,752.88, a P/E ratio of 18.74, a P/E/G ratio of 1.70 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 4.30. Oracle has a twelve month low of $43.60 and a twelve month high of $53.48.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The company had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. sell-side analysts expect that Oracle will post 2.76 EPS for the current year.
Oracle declared that its Board of Directors has authorized a stock buyback program on Friday, February 2nd that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, April 16th. Oracle’s dividend payout ratio is currently 30.52%.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $49.66, for a total transaction of $186,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the completion of the transaction, the director now owns 62,498 shares in the company, valued at $3,208,647.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,056,250 shares of company stock valued at $102,747,288. 29.00% of the stock is owned by company insiders.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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