Investors Sell Oracle (ORCL) on Strength After Insider Selling

Traders sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Monday after an insider sold shares in the company. $78.13 million flowed into the stock on the tick-up and $169.90 million flowed out of the stock on the tick-down, for a money net flow of $91.77 million out of the stock. Of all equities tracked, Oracle had the 14th highest net out-flow for the day. Oracle traded up $0.13 for the day and closed at $50.71Specifically, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the transaction, the director now owns 18,125 shares in the company, valued at $885,043.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the transaction, the executive vice president now owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,811,250 shares of company stock worth $90,803,063. Insiders own 29.00% of the company’s stock.

Several brokerages have weighed in on ORCL. Royal Bank of Canada set a $51.00 price target on Oracle and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. set a $55.00 price target on Oracle and gave the stock a “buy” rating in a report on Monday, December 18th. Vetr downgraded Oracle from a “buy” rating to a “hold” rating and set a $51.74 price target for the company. in a report on Tuesday, October 24th. Drexel Hamilton reissued a “buy” rating and issued a $62.00 price target on shares of Oracle in a report on Monday, October 2nd. Finally, Canaccord Genuity lowered their price target on Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the stock. Oracle has an average rating of “Buy” and a consensus target price of $55.27.

The stock has a market capitalization of $211,640.00, a price-to-earnings ratio of 21.76, a PEG ratio of 1.93 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the company posted $0.61 earnings per share. Oracle’s revenue for the quarter was up 6.2% on a year-over-year basis. equities research analysts anticipate that Oracle Co. will post 2.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s payout ratio is presently 32.62%.

Oracle declared that its Board of Directors has initiated a share buyback plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

A number of large investors have recently made changes to their positions in the business. Cornerstone Investment Partners LLC increased its position in shares of Oracle by 87.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,688,480 shares of the enterprise software provider’s stock valued at $174,391,000 after buying an additional 1,718,332 shares in the last quarter. First Manhattan Co. increased its position in shares of Oracle by 26.9% during the fourth quarter. First Manhattan Co. now owns 4,365,351 shares of the enterprise software provider’s stock worth $206,393,000 after purchasing an additional 924,964 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Oracle by 31.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 85,753 shares of the enterprise software provider’s stock worth $4,054,000 after purchasing an additional 20,289 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Oracle during the fourth quarter worth approximately $2,437,000. Finally, Intermede Investment Partners Ltd increased its position in shares of Oracle by 9.9% during the fourth quarter. Intermede Investment Partners Ltd now owns 1,180,203 shares of the enterprise software provider’s stock worth $55,800,000 after purchasing an additional 106,731 shares in the last quarter. 57.98% of the stock is owned by institutional investors.

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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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