Oracle Co. (NYSE:ORCL) CEO Mark V. Hurd sold 700,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $46.44, for a total transaction of $32,508,000.00. Following the sale, the chief executive officer now directly owns 903,891 shares of the company’s stock, valued at approximately $41,976,698.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Oracle Co. (NYSE:ORCL) opened at 45.23 on Tuesday. Oracle Co. has a 1-year low of $37.62 and a 1-year high of $46.99. The firm has a 50 day moving average of $41.91 and a 200-day moving average of $40.00. The company has a market capitalization of $185.55 billion, a price-to-earnings ratio of 21.59 and a beta of 1.14.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The company earned $9.27 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the business posted $0.64 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post $2.64 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be issued a dividend of $0.19 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, April 10th. Oracle’s dividend payout ratio is currently 28.99%.

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Large investors have recently bought and sold shares of the stock. Personal Capital Advisors Corp raised its stake in Oracle by 26.3% in the second quarter. Personal Capital Advisors Corp now owns 81,192 shares of the enterprise software provider’s stock worth $3,323,000 after buying an additional 16,884 shares in the last quarter. CI Investments Inc. raised its stake in Oracle by 141.9% in the second quarter. CI Investments Inc. now owns 1,823,124 shares of the enterprise software provider’s stock worth $74,620,000 after buying an additional 1,069,324 shares in the last quarter. Fundsmith LLP purchased a new stake in Oracle during the second quarter worth approximately $919,000. Harbour Capital Advisors LLC purchased a new stake in Oracle during the second quarter worth approximately $1,002,000. Finally, Mason Street Advisors LLC purchased a new stake in Oracle during the second quarter worth approximately $17,159,000. Institutional investors own 57.95% of the company’s stock.

A number of brokerages have recently weighed in on ORCL. Vetr raised shares of Oracle from a “hold” rating to a “buy” rating and set a $47.09 price target for the company in a report on Monday. Pacific Crest reaffirmed an “equal weight” rating on shares of Oracle in a report on Monday. Wunderlich reaffirmed a “hold” rating and set a $46.00 price target (up previously from $43.00) on shares of Oracle in a report on Monday. BTIG Research reaffirmed a “buy” rating and set a $47.00 price target on shares of Oracle in a report on Thursday, March 16th. Finally, Bank of America Corp upped their price target on shares of Oracle to $54.00 in a report on Thursday, March 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.81.

About Oracle

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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