Oracle Corporation (NYSE:ORCL) Insider Sells $4,041,142.40 in Stock

Key Points

• Oracle insider Michael D. Sicilia sold 15,880 shares of stock for a total of $4,041,142.40, reducing his stake in the company by 13.80%.
• The company recently posted a quarterly earnings report with $1.70 earnings per share, exceeding analysts' expectations, and reported revenue growth of 11.3% year-over-year.
• Oracle has declared a $0.50 quarterly dividend, maintaining an annualized dividend yield of 0.8% and a payout ratio of 46.08%.

Oracle Corporation (NYSE:ORCL - Get Free Report) insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Oracle Price Performance

Shares of NYSE:ORCL traded down $7.05 on Thursday, hitting $249.38. The stock had a trading volume of 11,938,634 shares, compared to its average volume of 10,333,115. The company has a market capitalization of $700.47 billion, a price-to-earnings ratio of 57.46, a price-to-earnings-growth ratio of 3.83 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The firm's 50 day moving average price is $219.21 and its 200-day moving average price is $176.71.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's dividend payout ratio is 46.08%.

Institutional Investors Weigh In On Oracle

Several hedge funds have recently bought and sold shares of ORCL. Snider Financial Group raised its position in Oracle by 1.3% during the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider's stock valued at $701,000 after purchasing an additional 40 shares during the period. SNS Financial Group LLC lifted its stake in Oracle by 0.9% in the second quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider's stock worth $1,070,000 after purchasing an additional 42 shares during the last quarter. Reyes Financial Architecture Inc. boosted its position in shares of Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider's stock valued at $141,000 after buying an additional 43 shares during the period. Creative Capital Management Investments LLC grew its stake in shares of Oracle by 5.7% during the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider's stock valued at $174,000 after buying an additional 43 shares during the last quarter. Finally, MFA Wealth Services raised its holdings in shares of Oracle by 1.0% in the second quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider's stock worth $998,000 after buying an additional 43 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ORCL shares. Mizuho dropped their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Scotiabank began coverage on shares of Oracle in a research report on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price target for the company. Royal Bank Of Canada upped their price target on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, BMO Capital Markets lifted their price target on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.75.

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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