Traders Purchase Large Volume of Call Options on Oracle Corporation (ORCL)

Oracle Corporation (NYSE:ORCL) was the target of unusually large options trading on Monday. Stock traders acquired 39,975 call options on the company. This represents an increase of approximately 122% compared to the typical daily volume of 18,038 call options.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now owns 18,125 shares in the company, valued at $912,593.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the transaction, the insider now owns 783,533 shares in the company, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,817,500 shares of company stock worth $91,582,600. Insiders own 29.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its holdings in Oracle Corporation by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors boosted its holdings in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC boosted its holdings in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Baystate Wealth Management LLC boosted its holdings in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares in the last quarter. 58.64% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on ORCL shares. Rosenblatt Securities restated a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a research note on Monday, September 11th. Vetr lowered Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price target on the stock. in a research note on Tuesday, September 12th. Sanford C. Bernstein restated an “outperform” rating and set a $54.00 price target on shares of Oracle Corporation in a research note on Tuesday, June 13th. BTIG Research restated a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a research note on Tuesday. Finally, Moffett Nathanson started coverage on Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $53.33.

Shares of Oracle Corporation (ORCL) opened at 47.97 on Thursday. The company’s 50 day moving average price is $49.85 and its 200 day moving average price is $47.11. The stock has a market capitalization of $198.44 billion, a PE ratio of 21.71 and a beta of 1.05. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14.

Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the business posted $0.55 earnings per share. Oracle Corporation’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts anticipate that Oracle Corporation will post $2.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

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About Oracle Corporation

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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