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.
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%.
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.
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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