Investors Sell Shares of Oracle (ORCL) on Strength (ORCL)

Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading on Monday. $63.78 million flowed into the stock on the tick-up and $123.53 million flowed out of the stock on the tick-down, for a money net flow of $59.75 million out of the stock. Of all equities tracked, Oracle had the 33rd highest net out-flow for the day. Oracle traded up $0.89 for the day and closed at $47.21

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Monness Crespi & Hardt initiated coverage on shares of Oracle in a report on Wednesday, April 11th. They issued a “neutral” rating for the company. TheStreet cut shares of Oracle from a “b+” rating to a “c+” rating in a report on Monday, March 19th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $55.00 target price on shares of Oracle in a report on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $56.30.

The stock has a market cap of $195.43 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.74 and a beta of 1.15. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. equities research analysts anticipate that Oracle Co. will post 2.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Monday, April 16th. Oracle’s dividend payout ratio is presently 30.52%.

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

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $46.51, for a total transaction of $174,412.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $842,993.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Kurian sold 137,843 shares of the firm’s stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $46.13, for a total transaction of $6,358,697.59. Following the sale, the insider now directly owns 160,826 shares of the company’s stock, valued at approximately $7,418,903.38. The disclosure for this sale can be found here. Insiders have sold a total of 2,557,015 shares of company stock valued at $117,480,315 in the last three months. Insiders own 29.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Two Sigma Advisers LP grew its position in Oracle by 738.5% in the 4th quarter. Two Sigma Advisers LP now owns 588,484 shares of the enterprise software provider’s stock valued at $27,824,000 after purchasing an additional 518,300 shares during the period. Bank of Nova Scotia Trust Co. lifted its stake in Oracle by 44.4% during the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 9,985 shares of the enterprise software provider’s stock valued at $482,000 after acquiring an additional 3,071 shares in the last quarter. Allegis Investment Advisors LLC lifted its stake in Oracle by 16.5% during the 4th quarter. Allegis Investment Advisors LLC now owns 51,031 shares of the enterprise software provider’s stock valued at $2,413,000 after acquiring an additional 7,231 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in Oracle by 38.6% during the 4th quarter. Wasatch Advisors Inc. now owns 220,792 shares of the enterprise software provider’s stock valued at $10,439,000 after acquiring an additional 61,530 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Oracle by 4.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 10,864,577 shares of the enterprise software provider’s stock valued at $513,678,000 after acquiring an additional 463,760 shares in the last quarter. 56.43% of the stock is owned by institutional investors.

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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