Oracle Co. (NYSE:ORCL) Director Sells $2,320,000.00 in Stock

Oracle Co. (NYSE:ORCL) Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Oracle Price Performance

Shares of ORCL traded up $2.54 during trading hours on Monday, hitting $118.34. 5,305,129 shares of the company were exchanged, compared to its average volume of 8,258,865. The company has a market cap of $325.26 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 2.32 and a beta of 1.03. Oracle Co. has a fifty-two week low of $96.10 and a fifty-two week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm’s fifty day moving average is $119.91 and its 200 day moving average is $113.38.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. Oracle’s dividend payout ratio is currently 42.22%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Argus raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets increased their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Institutional Trading of Oracle

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after purchasing an additional 635,994 shares in the last quarter. Capital World Investors boosted its stake in shares of Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares in the last quarter. Finally, Putnam Investments LLC boosted its stake in shares of Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

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.