Oracle Corporation (NYSE:ORCL) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 29,364,653 shares, an increase of 14.7% from the October 13th total of 25,600,264 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 14,130,873 shares, the days-to-cover ratio is currently 2.1 days.
Several analysts have issued reports on ORCL shares. Vetr lowered shares of Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 price target on the stock. in a research report on Tuesday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of Oracle in a research report on Monday, September 11th. Canaccord Genuity started coverage on shares of Oracle in a research report on Friday, October 6th. They set a “buy” rating and a $57.00 price target on the stock. BTIG Research reiterated a “buy” rating and issued a $58.00 price objective on shares of Oracle in a report on Tuesday, September 19th. Finally, Moffett Nathanson started coverage on shares of Oracle in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.85.
Shares of Oracle (NYSE:ORCL) traded down $0.41 during midday trading on Tuesday, reaching $47.99. 17,858,392 shares of the company were exchanged, compared to its average volume of 13,261,192. The company has a market cap of $207,046.64, a price-to-earnings ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle has a 1-year low of $38.30 and a 1-year high of $53.14.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. analysts predict that Oracle will post 2.68 EPS for the current year.
In other Oracle news, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock valued at $14,821,999. Corporate insiders own 29.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC grew its position in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors grew its position in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Oracle by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares during the period. Wealthcare Advisory Partners LLC grew its position in Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the period. Finally, TrimTabs Asset Management LLC grew its position in Oracle by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares during the period. 57.70% of the stock is owned by institutional investors and hedge funds.
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Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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