Oracle (NYSE:ORCL) Trading Down 2% After Insider Selling

Oracle Co. (NYSE:ORCL - Get Free Report) shares were down 2% on Monday following insider selling activity. The stock traded as low as $210.81 and last traded at $211.00. Approximately 8,844,251 shares changed hands during trading, a decline of 9% from the average daily volume of 9,720,206 shares. The stock had previously closed at $215.22.

Specifically, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Analyst Ratings Changes

ORCL has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $200.00 to $235.00 in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oracle from $200.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday. Guggenheim reissued a "buy" rating and set a $220.00 target price on shares of Oracle in a research report on Thursday. Finally, The Goldman Sachs Group upped their price objective on shares of Oracle from $145.00 to $195.00 and gave the company a "neutral" rating in a report on Friday. Twelve analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $194.32.

Oracle Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm's fifty day moving average price is $152.88 and its 200 day moving average price is $160.31. The stock has a market capitalization of $593.03 billion, a price-to-earnings ratio of 51.80, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. Oracle's dividend payout ratio is presently 46.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital & Planning LLC raised its stake in shares of Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after purchasing an additional 81 shares during the period. Brighton Jones LLC lifted its position in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Oracle in the fourth quarter valued at $51,084,000. Revolve Wealth Partners LLC grew its position in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares during the last quarter. Finally, WealthPLAN Partners LLC raised its stake in Oracle by 22.0% during the 4th quarter. WealthPLAN Partners LLC now owns 3,843 shares of the enterprise software provider's stock valued at $640,000 after acquiring an additional 693 shares in the last quarter. Institutional investors and hedge funds 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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