Traders Sell Oracle (ORCL) on Strength Following Insider Selling

Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Monday after an insider sold shares in the company. $62.38 million flowed into the stock on the tick-up and $131.98 million flowed out of the stock on the tick-down, for a money net flow of $69.60 million out of the stock. Of all companies tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.07 for the day and closed at $50.71Specifically, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 1,956,250 shares of company stock valued at $98,316,475 in the last quarter. 29.00% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on ORCL shares. UBS Group set a $55.00 target price on shares of Oracle and gave the stock a “neutral” rating in a report on Friday, December 15th. Vetr upgraded shares of Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price for the company in a report on Thursday, November 2nd. BidaskClub upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Oppenheimer restated a “hold” rating on shares of Oracle in a report on Friday, December 15th. Finally, Royal Bank of Canada raised their target price on shares of Oracle to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.38.

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 firm has a market capitalization of $209,920.00, a PE ratio of 21.76, a PEG ratio of 1.93 and a beta of 1.08.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Tuesday, January 9th. Oracle’s payout ratio is currently 32.62%.

Oracle declared that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Several institutional investors have recently modified their holdings of ORCL. Acrospire Investment Management LLC boosted its stake 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 worth $100,000 after purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors boosted its stake in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. Tarbox Family Office Inc. boosted its stake in Oracle by 71.1% in the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after purchasing an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake 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 worth $118,000 after purchasing an additional 2,436 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new stake in Oracle in the 4th quarter worth approximately $126,000. 58.36% of the stock is currently owned by hedge funds and other institutional investors.

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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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