Oracle Co. (NYSE:ORCL) Short Interest Up 29.7% in April


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Oracle Co. (NYSE:ORCL) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 30,770,000 shares, a growth of 29.7% from the March 31st total of 23,720,000 shares. Based on an average daily volume of 13,780,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.8% of the company’s shares are short sold.

In other Oracle news, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction that occurred on Thursday, April 8th. The stock was sold at an average price of $74.53, for a total value of $3,353,850.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $70.03, for a total value of $28,012,000.00. Following the completion of the transaction, the insider now directly owns 400,000 shares in the company, valued at $28,012,000. The disclosure for this sale can be found here. Insiders sold a total of 4,508,000 shares of company stock worth $306,882,810 over the last ninety days. Insiders own 39.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. DeDora Capital Inc. increased its position in Oracle by 1.5% during the first quarter. DeDora Capital Inc. now owns 9,174 shares of the enterprise software provider’s stock valued at $644,000 after acquiring an additional 137 shares during the last quarter. First Bank & Trust increased its position in Oracle by 4.7% during the first quarter. First Bank & Trust now owns 3,249 shares of the enterprise software provider’s stock valued at $228,000 after acquiring an additional 145 shares during the last quarter. Hanson & Doremus Investment Management increased its position in Oracle by 12.3% during the first quarter. Hanson & Doremus Investment Management now owns 1,323 shares of the enterprise software provider’s stock valued at $93,000 after acquiring an additional 145 shares during the last quarter. Riverbridge Partners LLC increased its position in Oracle by 3.1% during the first quarter. Riverbridge Partners LLC now owns 4,948 shares of the enterprise software provider’s stock valued at $347,000 after acquiring an additional 148 shares during the last quarter. Finally, Optimum Investment Advisors increased its position in Oracle by 0.6% during the first quarter. Optimum Investment Advisors now owns 26,743 shares of the enterprise software provider’s stock valued at $1,877,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 47.54% of the company’s stock.

Shares of NYSE:ORCL opened at $78.53 on Wednesday. The company has a market cap of $226.44 billion, a P/E ratio of 23.80, a PEG ratio of 1.79 and a beta of 0.76. The company has a debt-to-equity ratio of 7.37, a current ratio of 2.17 and a quick ratio of 2.17. Oracle has a 1 year low of $50.86 and a 1 year high of $80.21. The stock’s fifty day moving average price is $73.08 and its 200-day moving average price is $64.44.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $10.09 billion for the quarter, compared to the consensus estimate of $10.07 billion. Oracle had a return on equity of 101.26% and a net margin of 26.34%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. On average, sell-side analysts anticipate that Oracle will post 3.86 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th were issued a dividend of $0.32 per share. This is an increase from Oracle’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, April 7th. Oracle’s dividend payout ratio is presently 36.99%.

Several equities analysts have recently issued reports on the company. Wedbush assumed coverage on Oracle in a research note on Wednesday, March 31st. They set a “neutral” rating and a $54.00 target price on the stock. Stifel Nicolaus boosted their target price on Oracle from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, March 17th. Wolfe Research began coverage on Oracle in a research note on Wednesday, April 28th. They set a “peer perform” rating and a $75.00 target price on the stock. DZ Bank restated a “hold” rating and set a $80.00 price target on shares of Oracle in a research report on Tuesday, April 27th. Finally, BMO Capital Markets lifted their price target on Oracle from $64.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, March 9th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the stock. Oracle currently has a consensus rating of “Hold” and a consensus target price of $71.36.

About Oracle

Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.

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