Oracle Corporation (NYSE:ORCL) Director Acquires $112,257.60 in Stock

Oracle Corporation (NYSE:ORCL - Get Free Report) Director Rona Alison Fairhead bought 480 shares of the stock in a transaction on Monday, July 7th. The stock was purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Oracle Stock Performance

ORCL stock traded down $4.55 during trading on Friday, reaching $230.45. 10,172,356 shares of the company's stock were exchanged, compared to its average volume of 10,239,038. The company's fifty day moving average price is $185.56 and its 200-day moving average price is $166.09. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.44. The firm has a market cap of $647.29 billion, a PE ratio of 53.10, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

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

Oracle Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.87%. Oracle's dividend payout ratio is currently 46.08%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle during the first quarter valued at $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $30,000. Finally, Hurley Capital LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $33,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ORCL. JMP Securities set a $240.00 price objective on shares of Oracle and gave the company a "market outperform" rating in a research note on Thursday, June 12th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the company from $180.00 to $250.00 in a research note on Monday, June 30th. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $209.33.

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.