Oracle Co. (NYSE:ORCL - Get Free Report) Director George H. Conrades sold 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Oracle Stock Up 0.3 %
ORCL stock opened at $114.96 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a 50 day moving average price of $119.83 and a two-hundred day moving average price of $113.27. The company has a market cap of $315.97 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 2.30 and a beta of 1.03. Oracle Co. has a twelve month low of $94.41 and a twelve month high of $132.77.
Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. Oracle's payout ratio is 42.22%.
Institutional Trading of Oracle
Hedge funds have recently made changes to their positions in the business. Westend Capital Management LLC acquired a new stake in Oracle during the 1st quarter worth approximately $25,000. Orion Capital Management LLC bought a new position in shares of Oracle in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock worth $26,000 after buying an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Oracle during the 3rd quarter worth $27,000. Finally, Tidemark LLC acquired a new position in shares of Oracle during the 4th quarter worth $29,000. 42.44% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ORCL. KeyCorp began coverage on Oracle in a research note on Thursday, March 21st. They issued an "overweight" rating and a $150.00 target price on the stock. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a report on Wednesday. BMO Capital Markets increased their price target on Oracle from $126.00 to $142.00 and gave the stock a "market perform" rating in a report on Tuesday, March 12th. Finally, Oppenheimer began coverage on Oracle in a report on Thursday, April 18th. They issued a "market perform" rating for the company. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $130.76.
Get Our Latest Stock Analysis on Oracle
Oracle Company Profile
(
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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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