Insider Selling: Oracle Co. (ORCL) Director Sells 3,750 Shares of Stock

Oracle Co. (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total transaction of $204,450.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at approximately $1,524,869.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hector Garcia-Molina also recently made the following trade(s):

  • On Monday, April 15th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $54.50, for a total transaction of $204,375.00.
  • On Friday, March 15th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $51.54, for a total transaction of $193,275.00.
  • On Friday, February 15th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $51.51, for a total transaction of $193,162.50.

NYSE:ORCL traded down $0.14 on Friday, hitting $54.50. The stock had a trading volume of 8,951,935 shares, compared to its average volume of 8,963,866. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65. The firm has a market cap of $225.86 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $55.53.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 3.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a $0.24 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.96 annualized dividend and a yield of 1.76%. Oracle’s dividend payout ratio (DPR) is 34.04%.

Several institutional investors have recently added to or reduced their stakes in ORCL. Cozad Asset Management Inc. raised its position in shares of Oracle by 35.7% in the 4th quarter. Cozad Asset Management Inc. now owns 7,246 shares of the enterprise software provider’s stock valued at $327,000 after purchasing an additional 1,906 shares during the last quarter. CX Institutional boosted its stake in Oracle by 1,261.0% during the 4th quarter. CX Institutional now owns 1,674 shares of the enterprise software provider’s stock worth $76,000 after purchasing an additional 1,551 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Oracle during the 4th quarter worth $637,000. Founders Capital Management LLC boosted its stake in Oracle by 9.0% during the 4th quarter. Founders Capital Management LLC now owns 6,642 shares of the enterprise software provider’s stock worth $300,000 after purchasing an additional 548 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE boosted its stake in Oracle by 0.6% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 73,145 shares of the enterprise software provider’s stock worth $3,302,000 after purchasing an additional 438 shares during the last quarter. 47.10% of the stock is owned by hedge funds and other institutional investors.

ORCL has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Mitsubishi UFJ Financial Group upped their target price on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. BNP Paribas assumed coverage on shares of Oracle in a report on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price on the stock. Standpoint Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $55.00 target price on shares of Oracle in a report on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.87.

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Oracle Company Profile

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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