Oracle Co. (NYSE:ORCL) Director Jeffrey Berg sold 31,750 shares of Oracle stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $45.80, for a total transaction of $1,454,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Oracle Co. (NYSE:ORCL) opened at 45.23 on Tuesday. The company’s 50-day moving average is $41.91 and its 200 day moving average is $40.00. The company has a market cap of $185.55 billion, a price-to-earnings ratio of 21.59 and a beta of 1.14. Oracle Co. has a 1-year low of $37.62 and a 1-year high of $46.99.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The company earned $9.27 billion during the quarter, compared to the consensus estimate of $9.25 billion. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. Equities analysts anticipate that Oracle Co. will post $2.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.15. Oracle’s dividend payout ratio is 28.99%.
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A number of research firms recently weighed in on ORCL. BTIG Research reiterated a “buy” rating and issued a $47.00 price objective on shares of Oracle in a research note on Thursday, March 16th. Wunderlich reiterated a “hold” rating and issued a $46.00 price objective (up from $43.00) on shares of Oracle in a research note on Monday. Pacific Crest reiterated an “equal weight” rating on shares of Oracle in a research note on Monday. Vetr raised shares of Oracle from a “hold” rating to a “buy” rating and set a $47.09 price target for the company in a report on Monday. Finally, JMP Securities raised shares of Oracle from an “underperform” rating to a “market perform” rating and raised their price target for the company from $42.00 to $43.00 in a report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. Oracle currently has a consensus rating of “Buy” and a consensus price target of $45.81.
Hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 135 shares during the period. Penserra Capital Management LLC increased its stake in Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock valued at $128,000 after buying an additional 1,283 shares during the period. Clean Yield Group increased its stake in Oracle by 3.1% in the third quarter. Clean Yield Group now owns 3,293 shares of the enterprise software provider’s stock valued at $129,000 after buying an additional 99 shares during the period. Valley National Advisers Inc. increased its stake in Oracle by 2.9% in the third quarter. Valley National Advisers Inc. now owns 3,666 shares of the enterprise software provider’s stock valued at $144,000 after buying an additional 105 shares during the period. Finally, First Bank & Trust bought a new stake in Oracle during the fourth quarter valued at about $141,000. Institutional investors own 57.95% of the company’s stock.
Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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