Investors Sell Shares of Oracle (ORCL) on Strength Following Insider Selling

Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Thursday following insider selling activity. $61.39 million flowed into the stock on the tick-up and $117.03 million flowed out of the stock on the tick-down, for a money net flow of $55.64 million out of the stock. Of all equities tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.26 for the day and closed at $48.10Specifically, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $46.17, for a total transaction of $173,137.50. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at $1,291,328.73. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP W Corey West sold 48,000 shares of the business’s stock in a transaction on Monday, June 25th. The stock was sold at an average price of $43.73, for a total value of $2,099,040.00. Following the sale, the executive vice president now owns 907 shares of the company’s stock, valued at approximately $39,663.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 550,500 shares of company stock valued at $24,719,865. Corporate insiders own 29.00% of the company’s stock.

ORCL has been the subject of a number of recent research reports. ValuEngine downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Credit Suisse Group restated a “buy” rating and set a $60.00 target price on shares of Oracle in a research report on Thursday, June 7th. UBS Group restated a “neutral” rating and set a $53.00 target price on shares of Oracle in a research report on Tuesday, June 12th. Finally, JPMorgan Chase & Co. downgraded Oracle from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $53.00 in a research report on Thursday, June 14th. Fifteen research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.56.

The company has a debt-to-equity ratio of 1.21, a current ratio of 3.96 and a quick ratio of 3.96. The company has a market capitalization of $200.03 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 19th. The enterprise software provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Oracle had a return on equity of 23.14% and a net margin of 9.61%. The business had revenue of $11.26 billion during the quarter, compared to analysts’ expectations of $11.17 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. equities research analysts predict that Oracle Co. will post 3.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, July 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. Oracle’s dividend payout ratio (DPR) is presently 26.95%.

Several institutional investors have recently made changes to their positions in ORCL. Two Sigma Advisers LP grew its stake in Oracle by 738.5% in the fourth quarter. Two Sigma Advisers LP now owns 588,484 shares of the enterprise software provider’s stock valued at $27,824,000 after acquiring an additional 518,300 shares during the period. Anchor Capital Advisors LLC acquired a new position in Oracle in the first quarter valued at about $1,464,000. KLCM Advisors Inc. grew its stake in Oracle by 2.2% in the fourth quarter. KLCM Advisors Inc. now owns 339,272 shares of the enterprise software provider’s stock valued at $16,041,000 after acquiring an additional 7,229 shares during the period. Roof Advisory Group Inc. acquired a new position in Oracle in the first quarter valued at about $4,108,000. Finally, Pitcairn Co. grew its stake in Oracle by 13.7% in the second quarter. Pitcairn Co. now owns 32,418 shares of the enterprise software provider’s stock valued at $1,428,000 after acquiring an additional 3,898 shares during the period. 55.78% of the stock is owned by institutional investors and hedge funds.

Oracle Company Profile (NYSE:ORCL)

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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