George H. Conrades Sells 20,000 Shares of Oracle Co. (NYSE:ORCL) Stock

Oracle Co. (NYSE:ORCL - Get Free Report) Director George H. Conrades sold 20,000 shares of the company's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now owns 17,836 shares of the company's stock, valued at approximately $2,068,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Oracle Stock Up 2.2 %

ORCL stock traded up $2.54 during trading on Monday, hitting $118.34. 5,301,334 shares of the stock traded hands, compared to its average volume of 8,261,409. Oracle Co. has a 1 year low of $96.10 and a 1 year high of $132.77. The firm's 50 day moving average is $120.06 and its two-hundred day moving average is $113.46. The stock has a market cap of $325.26 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the prior year, the firm posted $0.96 EPS. Oracle's revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Tuesday, April 9th. Oracle's payout ratio is presently 42.22%.

Institutional Trading of Oracle

Institutional investors have recently made changes to their positions in the stock. Westend Capital Management LLC purchased a new position in shares of Oracle in the first quarter worth approximately $25,000. Orion Capital Management LLC bought a new stake in Oracle during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the 3rd quarter worth $27,000. Finally, Tidemark LLC bought a new position in Oracle in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ORCL shares. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a "neutral" rating in a research note on Wednesday, March 13th. StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, May 1st. BMO Capital Markets boosted their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 12th. William Blair raised shares of Oracle from a "market perform" rating to an "outperform" rating in a research note on Tuesday, March 12th. Finally, KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an "overweight" rating and a $150.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.76.

Oracle Company Profile

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.