News headlines about Oracle (NYSE:ORCL) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing 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 closest to one being the most favorable. Oracle earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave headlines about the enterprise software provider an impact score of 46.8248516212447 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday. Cleveland Research restated a “hold” rating on shares of Oracle in a report on Saturday, March 17th. William Blair restated a “market perform” rating on shares of Oracle in a report on Tuesday, March 20th. Wedbush reiterated an “outperform” rating and issued a $55.00 target price on shares of Oracle in a report on Tuesday, March 20th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $53.00 target price (down from $55.00) on shares of Oracle in a report on Tuesday, March 20th. Sixteen investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $56.11.
ORCL opened at $44.83 on Friday. The stock has a market cap of $185,578.38, a P/E ratio of 16.36, a P/E/G ratio of 1.66 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 4.30. Oracle has a fifty-two week low of $43.60 and a fifty-two week high of $53.48.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The company had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. analysts predict that Oracle will post 2.76 earnings per share for the current year.
Oracle announced that its board has approved a stock buyback plan on Thursday, December 14th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, April 16th. Oracle’s dividend payout ratio (DPR) is presently 30.52%.
In other Oracle news, EVP Dorian Daley sold 125,000 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $45.95, for a total transaction of $5,743,750.00. Following the sale, the executive vice president now directly owns 161,954 shares of the company’s stock, valued at $7,441,786.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 sale, the insider now directly owns 1,522,983 shares in the company, valued at $76,590,815.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,981,250 shares of company stock worth $99,315,438. Insiders own 29.00% of the company’s stock.
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Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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