Oracle Corporation (NYSE:ORCL) EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the transaction, the executive vice president now owns 136,954 shares in the company, valued at approximately $6,517,640.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Dorian Daley also recently made the following trade(s):
- On Wednesday, October 4th, Dorian Daley sold 76,703 shares of Oracle stock. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00.
- On Monday, October 2nd, Dorian Daley sold 23,297 shares of Oracle stock. The shares were sold at an average price of $49.00, for a total value of $1,141,553.00.
Oracle Corporation (NYSE:ORCL) opened at $49.51 on Friday. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $206,630.00, a P/E ratio of 21.25, a P/E/G ratio of 1.87 and a beta of 1.05. Oracle Corporation has a 12 month low of $38.88 and a 12 month high of $53.14.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. analysts predict that Oracle Corporation will post 2.68 EPS for the current year.
Oracle declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 32.62%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Oracle by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after buying an additional 5,270,359 shares during the period. BlackRock Inc. lifted its stake in Oracle by 2.5% in the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after buying an additional 4,678,977 shares during the period. Harris Associates L P lifted its stake in Oracle by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after buying an additional 7,427,501 shares during the period. Northern Trust Corp raised its position in shares of Oracle by 4.6% during the second quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after purchasing an additional 1,835,835 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of Oracle by 1.2% during the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock worth $2,091,710,000 after purchasing an additional 482,220 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on ORCL. Vetr upgraded Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price on the stock in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada set a $53.00 price target on Oracle and gave the stock a “buy” rating in a report on Tuesday, December 12th. Drexel Hamilton restated a “buy” rating and set a $62.00 price target on shares of Oracle in a report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. set a $55.00 price target on Oracle and gave the stock a “buy” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.28.
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Oracle Company Profile
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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