Oracle Co. (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total value of $186,225.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Hector Garcia-Molina also recently made the following trade(s):
- On Tuesday, January 16th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $49.72, for a total value of $186,450.00.
- On Friday, December 15th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $48.40, for a total value of $181,500.00.
Shares of Oracle Co. (NYSE:ORCL) opened at $50.71 on Friday. Oracle Co. has a 12-month low of $41.50 and a 12-month high of $53.14. The company has a market capitalization of $209,919.22, a PE ratio of 21.76, a P/E/G ratio of 1.93 and a beta of 1.08. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, January 9th. Oracle’s payout ratio is 32.62%.
Oracle announced that its Board of Directors has approved a share repurchase plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several research analysts recently issued reports on ORCL shares. UBS Group set a $55.00 target price on Oracle and gave the stock a “neutral” rating in a research report on Friday, December 15th. Vetr raised Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price for the company in a research report on Thursday, November 2nd. BidaskClub raised Oracle from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Finally, Royal Bank of Canada raised their target price on Oracle to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $55.38.
Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its stake in Oracle by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after purchasing an additional 450,836 shares during the last quarter. Partnervest Advisory Services LLC boosted its stake in Oracle by 0.6% during the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after purchasing an additional 39 shares during the last quarter. Pinnacle Financial Partners Inc. boosted its stake in Oracle by 8.9% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after purchasing an additional 9,328 shares during the last quarter. Strategy Asset Managers LLC boosted its stake in Oracle by 22.3% during the 3rd quarter. Strategy Asset Managers LLC now owns 257,359 shares of the enterprise software provider’s stock valued at $12,443,000 after purchasing an additional 46,866 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new position in Oracle during the 2nd quarter valued at about $459,738,000. Institutional investors and hedge funds own 57.77% of the company’s stock.
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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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