Traders sold shares of Oracle Co. (NYSE:ORCL) on strength during trading on Thursday. $74.89 million flowed into the stock on the tick-up and $131.69 million flowed out of the stock on the tick-down, for a money net flow of $56.80 million out of the stock. Of all equities tracked, Oracle had the 8th highest net out-flow for the day. Oracle traded up $0.05 for the day and closed at $52.37
A number of equities research analysts recently weighed in on ORCL shares. Canaccord Genuity decreased their price objective on Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, December 15th. Wedbush restated a “buy” rating and set a $58.00 price objective on shares of Oracle in a research note on Friday, December 15th. Vetr cut Oracle from a “buy” rating to a “hold” rating and set a $51.82 price objective for the company. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price objective on Oracle and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, ValuEngine upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $55.99.
The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $216,790.00, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.00 and a beta of 1.05.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. analysts expect that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle declared that its Board of Directors has authorized a share repurchase plan 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
In related news, 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 sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $49.66, for a total value of $186,225.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,956,250 shares of company stock worth $98,316,475. 29.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC grew its holdings in Oracle by 947.4% in the second 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. Tarbox Family Office Inc. grew its holdings in Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after purchasing an additional 965 shares during the period. IHT Wealth Management LLC grew its holdings in Oracle by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after purchasing an additional 947 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Oracle by 81,200.0% in the third 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, ETF Managers Group LLC acquired a new stake in Oracle in the second quarter valued at approximately $133,000. 58.03% 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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