Traders Purchase Large Volume of Oracle Corporation Call Options (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL) saw some unusual options trading on Wednesday. Investors bought 36,574 call options on the stock. This represents an increase of approximately 115% compared to the typical daily volume of 17,031 call options.

A number of research analysts recently weighed in on ORCL shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 25th. Pacific Crest reaffirmed an “equal weight” rating on shares of Oracle Corporation in a research note on Friday, June 23rd. MKM Partners reaffirmed a “neutral” rating and set a $48.00 price target (up from $45.00) on shares of Oracle Corporation in a research note on Friday, June 23rd. Mitsubishi UFJ Financial Group set a $63.00 price target on Oracle Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $50.70.

Shares of Oracle Corporation (ORCL) traded up 0.70% during trading on Wednesday, reaching $49.17. 5,309,014 shares of the company were exchanged. The firm has a market capitalization of $203.40 billion, a PE ratio of 22.25 and a beta of 1.06. The company’s 50-day moving average is $49.98 and its 200 day moving average is $45.60. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. Oracle Corporation’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.81 earnings per share. Equities research analysts expect that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.

In related news, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the sale, the executive vice president now owns 177,988 shares in the company, valued at approximately $9,146,803.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the sale, the director now owns 18,125 shares in the company, valued at approximately $807,831.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,817,500 shares of company stock worth $91,560,925. 29.00% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Oracle Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after buying an additional 5,270,359 shares during the last quarter. BlackRock Inc. increased its stake in Oracle Corporation by 2.5% in the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after buying an additional 4,678,977 shares during the last quarter. State Street Corp increased its stake in Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after buying an additional 1,187,802 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after buying an additional 1,521,879 shares during the last quarter. Finally, Harris Associates L P increased its stake in Oracle Corporation by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after buying an additional 7,427,501 shares during the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.

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About Oracle Corporation

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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