Oracle Co. (NYSE:ORCL) Vice Chairman Jeffrey Henley Sells 400,000 Shares

Oracle Co. (NYSE:ORCL - Get Free Report) Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Oracle Price Performance

Shares of ORCL traded up $15.68 during trading hours on Friday, reaching $215.54. 53,639,099 shares of the company traded hands, compared to its average volume of 9,743,508. The stock has a market capitalization of $602.86 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The stock has a fifty day simple moving average of $151.06 and a 200 day simple moving average of $160.44. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $216.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.63 EPS. As a group, research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of Oracle from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $200.00 to $235.00 in a research report on Friday. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their target price on Oracle from $145.00 to $195.00 and gave the stock a "neutral" rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Jefferies Financial Group lifted their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday. Twelve analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $194.32.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC grew its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $30,000. Finally, Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

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.

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