Investors Sell Shares of Oracle (ORCL) on Strength (ORCL)

Traders sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Wednesday. $68.99 million flowed into the stock on the tick-up and $138.96 million flowed out of the stock on the tick-down, for a money net flow of $69.97 million out of the stock. Of all equities tracked, Oracle had the 20th highest net out-flow for the day. Oracle traded up $0.29 for the day and closed at $48.62

A number of analysts recently commented on the company. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. KeyCorp reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, September 12th. Credit Suisse Group reiterated a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research report on Tuesday, September 18th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Oracle in a research report on Tuesday, September 18th. Finally, Wedbush reiterated a “neutral” rating and issued a $49.00 price objective on shares of Oracle in a research report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have given a buy rating to the company. Oracle currently has a consensus rating of “Hold” and an average target price of $53.71.

The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a market cap of $201.27 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.63 and a beta of 1.12.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.26 billion. During the same quarter in the previous year, the business posted $0.62 EPS. Oracle’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 3.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, October 15th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.

Oracle declared that its board has authorized a stock buyback plan on Monday, September 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $47.26, for a total value of $177,225.00. Following the sale, the director now owns 27,969 shares in the company, valued at approximately $1,321,814.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the sale, the executive vice president now owns 109,615 shares in the company, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. Insiders have sold a total of 142,946 shares of company stock worth $7,257,365 in the last quarter. 32.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC raised its stake in shares of Oracle by 120.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 11,944 shares of the enterprise software provider’s stock worth $616,000 after purchasing an additional 6,516 shares in the last quarter. Peninsula Wealth LLC raised its stake in shares of Oracle by 48.4% during the 3rd quarter. Peninsula Wealth LLC now owns 213,855 shares of the enterprise software provider’s stock worth $11,026,000 after purchasing an additional 69,743 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its stake in shares of Oracle by 15.2% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 2,125,137 shares of the enterprise software provider’s stock worth $109,572,000 after purchasing an additional 280,846 shares in the last quarter. Morgan Stanley raised its stake in shares of Oracle by 20.1% during the 3rd quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock worth $1,029,110,000 after purchasing an additional 3,340,653 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Oracle by 2,346.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 637,320 shares of the enterprise software provider’s stock worth $6,518,368,000 after purchasing an additional 611,266 shares in the last quarter. Hedge funds and other institutional investors own 50.95% of the company’s stock.

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About Oracle (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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