Oracle Corporation (NYSE:ORCL) Director Sells $770,655.96 in Stock

Oracle Corporation (NYSE:ORCL - Get Free Report) Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Oracle Stock Performance

Shares of NYSE ORCL traded down $3.45 during trading on Friday, reaching $245.30. 9,671,806 shares of the stock traded hands, compared to its average volume of 10,336,031. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $251.60. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average of $194.31 and a 200-day moving average of $168.39. The stock has a market capitalization of $689.01 billion, a P/E ratio of 56.52, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Ratings Changes

Several research firms have recently commented on ORCL. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Citigroup reiterated an "outperform" rating on shares of Oracle in a report on Friday. JPMorgan Chase & Co. upped their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Finally, KeyCorp upped their price target on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Institutional Trading of Oracle

A number of institutional investors have recently added to or reduced their stakes in the stock. Reyes Financial Architecture Inc. lifted its holdings in Oracle by 7.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock worth $141,000 after purchasing an additional 43 shares in the last quarter. Davis Investment Partners LLC lifted its holdings in Oracle by 0.7% during the 2nd quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider's stock worth $1,517,000 after purchasing an additional 46 shares in the last quarter. Acropolis Investment Management LLC lifted its holdings in Oracle by 2.6% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider's stock worth $404,000 after purchasing an additional 47 shares in the last quarter. Sunpointe LLC lifted its holdings in Oracle by 0.9% during the 2nd quarter. Sunpointe LLC now owns 5,563 shares of the enterprise software provider's stock worth $1,216,000 after purchasing an additional 48 shares in the last quarter. Finally, American Financial Advisors LLC increased its stake in Oracle by 2.3% in the 2nd quarter. American Financial Advisors LLC now owns 2,234 shares of the enterprise software provider's stock worth $488,000 after acquiring an additional 50 shares during the last quarter. 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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