Oracle (NYSE:ORCL) Insider Sells $6,310,913.51 in Stock

Key Points

• Insider Clayton Magouyrk sold 21,241 shares of Oracle stock for approximately $6.31 million, decreasing his ownership by 21.40%.
• Oracle's stock price recently reached $306.71, marking a 1.5% increase, with a market cap of $871.58 billion.
• The company announced a quarterly dividend of $0.50 per share, representing a yield of 0.7%, to be paid on October 23rd.

Oracle Corporation (NYSE:ORCL - Get Free Report) insider Clayton Magouyrk sold 21,241 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Oracle Stock Up 1.5%

Shares of ORCL stock traded up $4.57 on Tuesday, hitting $306.71. The stock had a trading volume of 25,725,619 shares, compared to its average volume of 13,540,587. The business has a 50 day moving average of $246.08 and a 200 day moving average of $191.63. The stock has a market cap of $871.58 billion, a price-to-earnings ratio of 71.03, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio is currently 46.30%.

Institutional Trading of Oracle

Institutional investors and hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC boosted its holdings in Oracle by 5.0% in the second quarter. Valeo Financial Advisors LLC now owns 95,299 shares of the enterprise software provider's stock valued at $20,835,000 after purchasing an additional 4,512 shares in the last quarter. Milestones Private Investment Advisors LLC purchased a new stake in shares of Oracle during the second quarter worth approximately $744,000. Silicon Valley Capital Partners raised its position in Oracle by 7.1% in the second quarter. Silicon Valley Capital Partners now owns 74,129 shares of the enterprise software provider's stock worth $16,207,000 after acquiring an additional 4,912 shares in the last quarter. WT Wealth Management purchased a new position in Oracle in the second quarter worth $262,000. Finally, NWF Advisory Services Inc. increased its position in shares of Oracle by 6.3% in the second quarter. NWF Advisory Services Inc. now owns 2,596 shares of the enterprise software provider's stock valued at $568,000 after buying an additional 153 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent analyst reports. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and increased their price objective for the company from $295.00 to $368.00 in a research report on Wednesday, September 10th. DA Davidson boosted their price target on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Sanford C. Bernstein restated an "outperform" rating on shares of Oracle in a research report on Thursday. Jefferies Financial Group upped their price target on shares of Oracle from $270.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $303.44.

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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