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

Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Monday. $94.60 million flowed into the stock on the tick-up and $119.54 million flowed out of the stock on the tick-down, for a money net flow of $24.94 million out of the stock. Of all equities tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.18 for the day and closed at $44.28

ORCL has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of Oracle from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $53.00 in a research note on Thursday, June 14th. Wedbush reiterated an “outperform” rating and issued a $55.00 price objective on shares of Oracle in a research note on Tuesday, March 20th. Morgan Stanley reiterated a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. Zacks Investment Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. Finally, 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. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the stock. Oracle has an average rating of “Buy” and a consensus price target of $55.99.

The company has a current ratio of 3.96, a quick ratio of 4.30 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $183.30 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The business had revenue of $11.26 billion during the quarter, compared to the consensus estimate of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. Oracle’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. equities analysts predict that Oracle Co. will post 3.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, July 16th. Oracle’s dividend payout ratio is currently 26.95%.

In related news, insider Edward Screven sold 500,000 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $46.89, for a total transaction of $23,445,000.00. Following the completion of the sale, the insider now directly owns 2,644,595 shares of the company’s stock, valued at approximately $124,005,059.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Kurian sold 979,402 shares of the company’s stock in a transaction on Friday, May 4th. The stock was sold at an average price of $45.40, for a total transaction of $44,464,850.80. Following the sale, the insider now directly owns 114,871 shares of the company’s stock, valued at $5,215,143.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,480,015 shares of company stock valued at $113,813,030. 29.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ORCL. Clearbridge Investments LLC boosted its holdings in Oracle by 148.9% in the 4th quarter. Clearbridge Investments LLC now owns 15,759,813 shares of the enterprise software provider’s stock valued at $745,124,000 after purchasing an additional 9,429,236 shares during the period. Mackenzie Financial Corp boosted its holdings in Oracle by 50.2% in the 4th quarter. Mackenzie Financial Corp now owns 16,111,806 shares of the enterprise software provider’s stock valued at $761,766,000 after purchasing an additional 5,387,078 shares during the period. OppenheimerFunds Inc. boosted its holdings in Oracle by 81.8% in the 4th quarter. OppenheimerFunds Inc. now owns 6,531,857 shares of the enterprise software provider’s stock valued at $308,826,000 after purchasing an additional 2,938,638 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Oracle by 100.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,580,604 shares of the enterprise software provider’s stock valued at $263,850,000 after purchasing an additional 2,803,359 shares during the period. Finally, Summit Trail Advisors LLC boosted its holdings in Oracle by 3,754.1% in the 1st quarter. Summit Trail Advisors LLC now owns 2,535,473 shares of the enterprise software provider’s stock valued at $2,535,000 after purchasing an additional 2,469,687 shares during the period. 56.25% of the stock is owned by institutional investors and hedge funds.

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.

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