Somewhat Favorable News Coverage Somewhat Unlikely to Impact Oracle (ORCL) Share Price

News stories about Oracle (NYSE:ORCL) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oracle earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the enterprise software provider an impact score of 46.7740664398257 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

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Shares of NYSE ORCL traded up $0.22 during trading on Wednesday, reaching $45.75. The stock had a trading volume of 12,637,523 shares, compared to its average volume of 16,728,443. Oracle has a one year low of $43.60 and a one year high of $53.48. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $189,593.77, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the business earned $0.69 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. equities analysts predict that Oracle will post 2.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be issued a $0.19 dividend. The ex-dividend date is Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.66%. Oracle’s dividend payout ratio (DPR) is 30.52%.

Oracle announced that its Board of Directors has authorized a share buyback plan on Friday, February 2nd that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Several research firms have recently weighed in on ORCL. Morgan Stanley reaffirmed a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. TheStreet lowered Oracle from a “b+” rating to a “c+” rating in a research note on Monday, March 19th. Monness Crespi & Hardt initiated coverage on Oracle in a research note on Wednesday, April 11th. They issued a “neutral” rating on the stock. Instinet initiated coverage on Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 price target on the stock. Finally, Bank of America lowered Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 20th. Seventeen investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Oracle presently has an average rating of “Buy” and an average target price of $56.11.

In other news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 37,576 shares in the company, valued at approximately $1,953,952. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Kurian sold 137,843 shares of the business’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $46.13, for a total value of $6,358,697.59. Following the completion of the sale, the insider now owns 160,826 shares of the company’s stock, valued at $7,418,903.38. The disclosure for this sale can be found here. Insiders sold a total of 449,093 shares of company stock valued at $21,302,685 over the last quarter. Company insiders own 29.00% of the company’s stock.

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About Oracle

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.

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

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