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

Traders sold shares of Oracle Co. (NYSE:ORCL) on strength during trading on Friday. $42.83 million flowed into the stock on the tick-up and $61.30 million flowed out of the stock on the tick-down, for a money net flow of $18.47 million out of the stock. Of all equities tracked, Oracle had the 20th highest net out-flow for the day. Oracle traded up $0.08 for the day and closed at $48.70

A number of equities analysts recently issued reports on the company. Credit Suisse Group restated a “buy” rating and issued a $60.00 target price on shares of Oracle in a research note on Tuesday, September 18th. Royal Bank of Canada raised their target price on Oracle from $52.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 18th. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. KeyCorp reiterated a “hold” rating on shares of Oracle in a research note on Wednesday, September 12th. Finally, Wedbush reiterated a “neutral” rating and set a $49.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.71.

The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. The stock has a market cap of $201.27 billion, a P/E ratio of 17.27, a PEG ratio of 1.63 and a beta of 1.12.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.26 billion. During the same period last year, the firm earned $0.62 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts forecast that Oracle Co. will post 3.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis 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 announced that its board has approved a share 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 purchase up to 5.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $50.01, for a total transaction of $187,537.50. Following the sale, the director now directly owns 27,969 shares in the company, valued at approximately $1,398,729.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction dated Monday, September 24th. The stock was 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 $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 over the last 90 days. Insiders own 32.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC boosted its holdings in Oracle by 120.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 11,944 shares of the enterprise software provider’s stock worth $616,000 after buying an additional 6,516 shares during the last quarter. Peninsula Wealth LLC boosted its holdings in Oracle by 48.4% in the 3rd quarter. Peninsula Wealth LLC now owns 213,855 shares of the enterprise software provider’s stock worth $11,026,000 after buying an additional 69,743 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in Oracle by 15.2% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 2,125,137 shares of the enterprise software provider’s stock worth $109,572,000 after buying an additional 280,846 shares during the last quarter. Morgan Stanley boosted its holdings 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 during the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings 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 during the last quarter. Institutional investors own 50.95% of the company’s stock.

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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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