Insider Selling: Oracle Co. (NYSE:ORCL) Director Sells 25,000 Shares of Stock

Oracle Co. (NYSE:ORCL) Director George H. Conrades sold 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Oracle Price Performance

Shares of NYSE:ORCL opened at $115.80 on Friday. The firm’s 50 day simple moving average is $119.91 and its two-hundred day simple moving average is $113.32. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $318.28 billion, a P/E ratio of 30.55, a P/E/G ratio of 2.31 and a beta of 1.03. Oracle Co. has a 1-year low of $94.41 and a 1-year high of $132.77.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company earned $0.96 EPS. Oracle’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter worth $25,000. Orion Capital Management LLC bought a new position in shares of Oracle during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle in the third quarter worth about $27,000. Finally, Tidemark LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $29,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HSBC upped their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer assumed coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.