Oracle Co. (NYSE:ORCL) EVP W Corey West sold 48,000 shares of Oracle stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $43.73, for a total value of $2,099,040.00. Following the transaction, the executive vice president now directly owns 907 shares in the company, valued at $39,663.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Oracle opened at $43.45 on Thursday, Marketbeat Ratings reports. Oracle Co. has a one year low of $42.57 and a one year high of $53.48. The stock has a market capitalization of $183.30 billion, a P/E ratio of 15.41, a PEG ratio of 1.45 and a beta of 1.15. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.96 and a quick ratio of 4.30.
Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Oracle had a return on equity of 23.14% and a net margin of 9.61%. The business had revenue of $11.26 billion during the quarter, compared to analyst estimates of $11.17 billion. During the same period in the previous year, the company posted $0.89 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. analysts expect that Oracle Co. will post 3.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, July 16th. Oracle’s payout ratio is 26.95%.
ORCL has been the topic of several recent research reports. Credit Suisse Group cut their target price on Oracle from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, March 20th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Stifel Nicolaus cut their target price on Oracle from $53.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, June 20th. OTR Global downgraded Oracle to a “positive” rating in a report on Friday, March 9th. Finally, ValuEngine downgraded Oracle from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. 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 currently has an average rating of “Buy” and an average target price of $55.99.
Institutional investors have recently modified their holdings of the stock. Tarbox Family Office Inc. increased its holdings in Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after purchasing an additional 965 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Oracle during the 1st quarter worth approximately $106,000. Rainier Group Investment Advisory LLC bought a new stake in Oracle during the 1st quarter worth approximately $106,000. Cerebellum GP LLC bought a new stake in Oracle during the 4th quarter worth approximately $126,000. Finally, Field & Main Bank bought a new stake in Oracle during the 4th quarter worth approximately $135,000. 56.25% of the stock is owned by institutional investors and hedge funds.
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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