Oracle Corporation (NYSE:ORCL) Director Bruce R. Chizen sold 206,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value of $10,260,937.50. Following the completion of the sale, the director now directly owns 63,985 shares in the company, valued at approximately $3,183,253.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Oracle Corporation (NYSE:ORCL) traded down 0.65% during midday trading on Friday, reaching $50.80. The company had a trading volume of 8,791,922 shares. The stock’s 50 day moving average is $48.17 and its 200 day moving average is $44.23. The company has a market capitalization of $210.14 billion, a PE ratio of 22.99 and a beta of 1.07. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.
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Several brokerages have weighed in on ORCL. UBS AG reaffirmed a “buy” rating and set a $52.00 target price (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Wedbush raised Oracle Corporation from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $56.00 to $44.00 in a research note on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a research note on Friday, May 19th. Finally, Royal Bank Of Canada boosted their price objective on Oracle Corporation from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirty-one have issued a buy rating to the company’s stock. Oracle Corporation has a consensus rating of “Buy” and a consensus target price of $50.70.
A number of hedge funds and other institutional investors have recently made changes to their positions in ORCL. WealthTrust Arizona LLC boosted its position in shares of Oracle Corporation by 44.0% in the second quarter. WealthTrust Arizona LLC now owns 3,368 shares of the enterprise software provider’s stock worth $169,000 after buying an additional 1,029 shares during the period. Quantitative Systematic Strategies LLC boosted its position in shares of Oracle Corporation by 54.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 83,920 shares of the enterprise software provider’s stock worth $4,213,000 after buying an additional 29,567 shares during the period. Duncker Streett & Co. Inc. boosted its position in shares of Oracle Corporation by 2.8% in the second quarter. Duncker Streett & Co. Inc. now owns 32,694 shares of the enterprise software provider’s stock worth $1,640,000 after buying an additional 905 shares during the period. Barometer Capital Management Inc. boosted its position in shares of Oracle Corporation by 88.1% in the second quarter. Barometer Capital Management Inc. now owns 445,600 shares of the enterprise software provider’s stock worth $22,342,000 after buying an additional 208,700 shares during the period. Finally, Bridges Investment Counsel Inc. purchased a new position in shares of Oracle Corporation during the second quarter worth about $334,000. 58.54% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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