Oracle Corporation (ORCL) Director George H. Conrades Sells 56,250 Shares
Oracle Corporation (NYSE:ORCL) Director George H. Conrades sold 56,250 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $48.25, for a total transaction of $2,714,062.50. Following the transaction, the director now directly owns 66,250 shares of the company’s stock, valued at approximately $3,196,562.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Oracle Corporation (NYSE ORCL) opened at 47.97 on Tuesday. The company has a market capitalization of $200.18 billion, a P/E ratio of 20.87 and a beta of 1.05. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The company’s 50-day moving average is $49.85 and its 200 day moving average is $47.11.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. On average, equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is currently 33.19%.
Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners increased its position in Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after purchasing an additional 3,054,765 shares during the last quarter. Lockheed Martin Investment Management Co. increased its position in Oracle Corporation by 21.4% during the first quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock worth $3,286,000 after purchasing an additional 13,000 shares during the last quarter. LGT Capital Partners LTD. increased its position in Oracle Corporation by 14.0% during the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock worth $31,260,000 after purchasing an additional 76,653 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Oracle Corporation during the first quarter worth about $1,522,000. Finally, BerganKDV Wealth Management LLC increased its position in Oracle Corporation by 2.3% during the second quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock worth $581,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 58.65% of the company’s stock.
Several brokerages recently weighed in on ORCL. Wedbush reissued an “outperform” rating and set a $58.00 price target on shares of Oracle Corporation in a research report on Friday, September 15th. UBS AG reissued a “buy” rating and set a $57.00 price target (up previously from $52.00) on shares of Oracle Corporation in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price target on shares of Oracle Corporation and gave the company a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Jefferies Group LLC raised their price target on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the stock. Oracle Corporation has an average rating of “Buy” and a consensus price target of $53.33.
Oracle Corporation 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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