Oracle Co. (ORCL) CEO Sells $36,908,701.58 in Stock

Oracle Co. (NYSE:ORCL) CEO Safra Catz sold 819,829 shares of Oracle stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $45.02, for a total transaction of $36,908,701.58. Following the completion of the transaction, the chief executive officer now owns 1,281,689 shares of the company’s stock, valued at approximately $57,701,638.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Safra Catz also recently made the following trade(s):

  • On Tuesday, March 28th, Safra Catz sold 46,767 shares of Oracle stock. The shares were sold at an average price of $45.01, for a total transaction of $2,104,982.67.
  • On Friday, March 24th, Safra Catz sold 518,072 shares of Oracle stock. The shares were sold at an average price of $45.02, for a total transaction of $23,323,601.44.
  • On Wednesday, March 22nd, Safra Catz sold 109,572 shares of Oracle stock. The shares were sold at an average price of $45.14, for a total transaction of $4,946,080.08.
  • On Tuesday, March 21st, Safra Catz sold 3,000,000 shares of Oracle stock. The stock was sold at an average price of $44.99, for a total transaction of $134,970,000.00.

Oracle Co. (NYSE:ORCL) traded up 0.77% on Thursday, reaching $44.53. 10,880,924 shares of the company traded hands. The stock has a market capitalization of $183.23 billion, a price-to-earnings ratio of 21.06 and a beta of 1.14. Oracle Co. has a 52-week low of $37.62 and a 52-week high of $46.99. The firm has a 50 day moving average price of $44.06 and a 200 day moving average price of $40.74. Oracle also saw some unusual options trading on Wednesday. Investors purchased 714 put options on the company. This is an increase of 205% compared to the typical daily volume of 234 put options.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $9.27 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. Equities research analysts predict that Oracle Co. will post $2.63 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. This is an increase from Oracle’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, April 10th. Oracle’s payout ratio is currently 28.99%.

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Several hedge funds and other institutional investors have recently made changes to their positions in ORCL. State Street Corp increased its position in shares of Oracle by 2.8% in the fourth quarter. State Street Corp now owns 122,008,115 shares of the enterprise software provider’s stock worth $4,691,214,000 after buying an additional 3,341,689 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Oracle by 1.5% in the third quarter. BlackRock Fund Advisors now owns 40,999,539 shares of the enterprise software provider’s stock worth $1,610,462,000 after buying an additional 600,969 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Oracle by 9.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 38,811,633 shares of the enterprise software provider’s stock worth $1,492,308,000 after buying an additional 3,278,258 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Oracle by 13.2% in the fourth quarter. Franklin Resources Inc. now owns 28,945,335 shares of the enterprise software provider’s stock worth $1,113,025,000 after buying an additional 3,364,595 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Oracle during the fourth quarter worth approximately $1,090,559,000. 57.95% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on ORCL. Credit Suisse Group AG reiterated a “neutral” rating on shares of Oracle in a research note on Thursday, December 22nd. Wedbush reiterated a “neutral” rating and issued a $43.00 price target on shares of Oracle in a research note on Thursday, April 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Oracle in a research note on Friday, April 7th. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, Cowen and Company restated an “outperform” rating and set a $46.00 price objective on shares of Oracle in a research report on Friday, December 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Oracle presently has an average rating of “Buy” and an average price target of $46.01.

About Oracle

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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