Oracle Co. (NYSE:ORCL) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 39,735,750 shares, a decrease of 8.5% from the February 15th total of 43,405,615 shares. Based on an average daily trading volume, of 12,364,753 shares, the short-interest ratio is currently 3.2 days. Approximately 1.3% of the company’s shares are short sold.
Several equities analysts have recently commented on the stock. OTR Global downgraded shares of Oracle to a “positive” rating in a research note on Friday, March 9th. Barclays upped their price objective on shares of Oracle from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, March 12th. They noted that the move was a valuation call. BMO Capital Markets lowered their price objective on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, December 15th. Instinet assumed coverage on shares of Oracle in a research note on Wednesday, January 24th. They set a “buy” rating and a $51.12 price objective for the company. Finally, Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 price objective for the company. in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the company. Oracle presently has a consensus rating of “Buy” and a consensus target price of $56.38.
Oracle (ORCL) opened at $52.27 on Friday. Oracle has a one year low of $43.60 and a one year high of $53.48. The firm has a market cap of $216,790.95, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.00 and a beta of 1.05. 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 (NYSE:ORCL) last announced its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. equities research analysts expect that Oracle will post 2.68 EPS for the current fiscal year.
Oracle announced that its board has approved a share buyback plan on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the transaction, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the transaction, the insider now directly owns 1,522,983 shares of the company’s stock, valued at $76,590,815.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,952,500 shares of company stock valued at $98,134,975. Company insiders own 29.00% of the company’s stock.
Several large investors have recently bought and sold shares of ORCL. Acrospire Investment Management LLC grew its holdings in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the last quarter. Tarbox Family Office Inc. grew its holdings in shares of Oracle by 71.1% during the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 965 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after buying an additional 2,436 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $126,000. Finally, ETF Managers Group LLC purchased a new stake in shares of Oracle during the second quarter valued at approximately $133,000. Hedge funds and other institutional investors own 58.03% of the company’s stock.
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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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