Jeffrey Berg Sells 31,750 Shares of Oracle Co. (ORCL) Stock
Oracle Co. (NYSE:ORCL) Director Jeffrey Berg sold 31,750 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $45.80, for a total value of $1,454,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Oracle Co. (NYSE:ORCL) opened at 45.23 on Tuesday. The company has a market cap of $185.55 billion, a PE ratio of 21.59 and a beta of 1.14. The stock’s 50 day moving average price is $41.91 and its 200-day moving average price is $40.00. Oracle Co. has a one year low of $37.62 and a one year high of $46.99.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The business earned $9.27 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts expect that Oracle Co. will post $2.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Oracle’s previous quarterly dividend of $0.15. Oracle’s dividend payout ratio (DPR) is currently 28.99%.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 107,202 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 135 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock worth $128,000 after buying an additional 1,283 shares in the last quarter. Clean Yield Group boosted its position in shares of Oracle by 3.1% in the third quarter. Clean Yield Group now owns 3,293 shares of the enterprise software provider’s stock worth $129,000 after buying an additional 99 shares in the last quarter. Finally, First Bank & Trust purchased a new position in shares of Oracle during the fourth quarter worth $141,000. Institutional investors and hedge funds own 57.95% of the company’s stock.
A number of equities analysts have recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $47.00 target price on shares of Oracle in a report on Thursday, March 16th. Wunderlich reissued a “hold” rating and issued a $46.00 target price (up from $43.00) on shares of Oracle in a report on Monday. Pacific Crest reissued an “equal weight” rating on shares of Oracle in a report on Monday. Vetr raised Oracle from a “hold” rating to a “buy” rating and set a $47.09 target price for the company in a report on Monday. Finally, JMP Securities raised Oracle from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $42.00 to $43.00 in a report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.81.
Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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