Oracle Corporation (ORCL) EVP Dorian Daley Sells 25,776 Shares
Oracle Corporation (NYSE:ORCL) EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the completion of the transaction, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Dorian Daley also recently made the following trade(s):
- On Wednesday, June 28th, Dorian Daley sold 200,000 shares of Oracle Corporation stock. The shares were sold at an average price of $50.94, for a total value of $10,188,000.00.
Shares of Oracle Corporation (NYSE:ORCL) opened at 47.97 on Tuesday. The stock has a market capitalization of $200.18 billion, a price-to-earnings ratio of 20.87 and a beta of 1.05. The firm has a 50-day moving average of $49.85 and a 200 day moving average of $47.11. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post $2.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Oracle Corporation’s payout ratio is 33.19%.
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ORCL has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) set a $49.00 target price on Oracle Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. Bank of America Corporation reaffirmed a “buy” rating and issued a $62.00 target price (up from $54.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. Canaccord Genuity lowered Oracle Corporation to a “buy” rating and boosted their target price for the company from $49.00 to $56.00 in a research report on Thursday, June 22nd. UBS AG reaffirmed a “buy” rating and issued a $52.00 target price (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $55.00 target price on shares of Oracle Corporation in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.33.
A number of large investors have recently bought and sold shares of ORCL. Acrospire Investment Management LLC increased its stake in Oracle Corporation by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors increased its stake in shares of Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the period. Finally, Baystate Wealth Management LLC increased its stake in shares of Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the period. 58.65% of the stock is owned by institutional investors.
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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