Oracle Co. (NYSE:ORCL - Get Free Report) Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Oracle Price Performance
Shares of ORCL stock opened at $118.34 on Tuesday. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock's fifty day simple moving average is $120.06 and its 200 day simple moving average is $113.46. Oracle Co. has a one year low of $96.10 and a one year high of $132.77. The firm has a market cap of $325.26 billion, a price-to-earnings ratio of 31.22, a P/E/G ratio of 2.32 and a beta of 1.03.
Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.
Oracle Dividend Announcement
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle's payout ratio is currently 42.22%.
Institutional Investors Weigh In On Oracle
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Capital Management LLC bought a new position in shares of Oracle in the third quarter valued at about $25,000. Westend Capital Management LLC bought a new position in shares of Oracle in the first quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the third quarter valued at approximately $27,000. Finally, Tidemark LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $29,000. 42.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ORCL has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on shares of Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a research note on Tuesday, March 12th. Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They issued a "market perform" rating on the stock. KeyCorp began coverage on Oracle in a research report on Thursday, March 21st. They set an "overweight" rating and a $150.00 price objective for the company. William Blair raised Oracle from a "market perform" rating to an "outperform" rating in a report on Tuesday, March 12th. Finally, HSBC lifted their price target on Oracle from $144.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $130.76.
Read Our Latest Stock Report 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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