Oracle (ORCL) Getting Somewhat Positive Press Coverage, Report Shows

Media coverage about Oracle (NYSE:ORCL) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oracle earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the enterprise software provider an impact score of 46.1129927564285 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

A number of equities analysts have issued reports on ORCL shares. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. UBS Group restated a “neutral” rating and issued a $55.00 target price (down previously from $57.00) on shares of Oracle in a research report on Thursday, November 9th. Vetr downgraded Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 target price on the stock. in a research report on Monday, November 20th. BidaskClub upgraded Oracle from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Finally, Royal Bank of Canada set a $53.00 target price on Oracle and gave the stock a “buy” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $55.39.

Oracle (ORCL) traded up $0.24 on Wednesday, hitting $48.73. The company had a trading volume of 4,045,162 shares, compared to its average volume of 16,540,070. The firm has a market cap of $201,720.00, a PE ratio of 20.91, a P/E/G ratio of 1.84 and a beta of 1.08. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle has a 1-year low of $40.89 and a 1-year high of $53.14.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The firm had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the company earned $0.61 EPS. Oracle’s revenue was up 6.2% on a year-over-year basis. equities analysts expect that Oracle will post 2.68 earnings per share for the current fiscal year.

Oracle announced that its board has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, January 9th. Oracle’s payout ratio is currently 32.62%.

In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the transaction, the director now owns 62,498 shares of the company’s stock, valued at approximately $3,208,647.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $52.00, for a total value of $5,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 37,576 shares in the company, valued at $1,953,952. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,952,500 shares of company stock worth $98,130,250. 29.00% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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