Insider Selling: Oracle Corporation (NYSE:ORCL) Insider Sells 15,000 Shares of Stock

Oracle Corporation (NYSE:ORCL - Get Free Report) insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Oracle Stock Down 2.8%

Shares of ORCL traded down $5.82 during midday trading on Friday, hitting $205.06. The stock had a trading volume of 20,826,667 shares, compared to its average volume of 9,860,920. The company has a 50 day simple moving average of $158.93 and a two-hundred day simple moving average of $161.36. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60. The firm has a market cap of $573.53 billion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter last year, the business posted $1.63 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORCL. Oppenheimer restated an "outperform" rating on shares of Oracle in a research report on Wednesday. Guggenheim raised their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday. Loop Capital set a $135.00 price target on Oracle in a research report on Tuesday, June 10th. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, Stifel Nicolaus raised their price target on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Institutional Trading of Oracle

Several hedge funds and other institutional investors have recently modified their holdings of ORCL. Capital & Planning LLC increased its position in shares of Oracle by 0.5% in the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after acquiring an additional 81 shares during the last quarter. Brighton Jones LLC increased its position in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Oracle in the fourth quarter valued at about $51,084,000. Revolve Wealth Partners LLC increased its position in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Oracle by 4.3% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,689 shares of the enterprise software provider's stock valued at $781,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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