Traders Sell Shares of Oracle (ORCL) on Strength (ORCL)

Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Thursday. $58.91 million flowed into the stock on the tick-up and $101.51 million flowed out of the stock on the tick-down, for a money net flow of $42.60 million out of the stock. Of all equities tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.17 for the day and closed at $50.43

Several analysts have weighed in on the stock. Rosenblatt Securities reissued a “hold” rating and set a $51.00 target price on shares of Oracle in a research report on Tuesday, October 30th. Nomura dropped their target price on shares of Oracle from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. KeyCorp reissued a “hold” rating on shares of Oracle in a research report on Friday, October 26th. Credit Suisse Group reissued a “buy” rating and set a $60.00 target price on shares of Oracle in a research report on Wednesday, October 24th. Finally, Needham & Company LLC assumed coverage on shares of Oracle in a research report on Monday, October 22nd. They set a “hold” rating on the stock. Seventeen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.71.

The firm has a market cap of $208.06 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.69 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.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. During the same period in the prior year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Analysts predict that Oracle Co. will post 3.06 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Monday, October 15th. Oracle’s dividend payout ratio is currently 26.95%.

Oracle declared that its board has initiated a stock repurchase plan on Monday, September 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, EVP Dorian Daley sold 131,696 shares of the business’s stock in a transaction on 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 directly owns 109,615 shares in the company, valued at approximately $5,582,691.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, September 17th. The shares were 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 $1,382,227.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 142,946 shares of company stock valued at $7,248,965. Company insiders own 32.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB raised its position in Oracle by 6.5% during the second quarter. Xact Kapitalforvaltning AB now owns 673,708 shares of the enterprise software provider’s stock worth $29,684,000 after acquiring an additional 41,024 shares during the period. Augustine Asset Management Inc. raised its position in Oracle by 34.4% during the second quarter. Augustine Asset Management Inc. now owns 8,860 shares of the enterprise software provider’s stock worth $390,000 after acquiring an additional 2,270 shares during the period. Ironsides Asset Advisors LLC raised its position in Oracle by 46.2% during the second quarter. Ironsides Asset Advisors LLC now owns 23,350 shares of the enterprise software provider’s stock worth $1,029,000 after acquiring an additional 7,375 shares during the period. CX Institutional acquired a new position in Oracle during the second quarter worth $820,000. Finally, Addenda Capital Inc. raised its position in Oracle by 94.3% during the second quarter. Addenda Capital Inc. now owns 232,863 shares of the enterprise software provider’s stock worth $10,306,000 after acquiring an additional 113,023 shares during the period. Hedge funds and other institutional investors own 53.38% of the company’s stock.

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About Oracle (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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