Rona Alison Fairhead Purchases 480 Shares of Oracle Corporation (NYSE:ORCL) Stock

Oracle Corporation (NYSE:ORCL - Get Free Report) Director Rona Alison Fairhead bought 480 shares of the business's stock in a transaction on Monday, July 7th. The shares were acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Oracle Stock Performance

Shares of Oracle stock traded down $0.73 during trading on Thursday, reaching $235.08. The company's stock had a trading volume of 11,470,190 shares, compared to its average volume of 10,239,208. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The business's fifty day moving average price is $185.56 and its 200-day moving average price is $166.09. The firm has a market cap of $660.30 billion, a price-to-earnings ratio of 54.17, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping 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 business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Analyst Ratings Changes

ORCL has been the topic of several research analyst reports. JMP Securities set a $240.00 price target on Oracle and gave the company a "market outperform" rating in a research report on Thursday, June 12th. Mizuho decreased their target price on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Barclays restated an "overweight" rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Cowen restated a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. lifted their target price on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the 1st quarter worth $28,000. Iron Horse Wealth Management LLC lifted its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC acquired a new position in Oracle during the 4th quarter worth $30,000. Finally, Hurley Capital LLC acquired a new position in Oracle during the 4th quarter worth $33,000. 42.44% of the stock is owned by institutional investors and hedge funds.

About Oracle

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.