Oracle Corporation (ORCL) Sees Large Growth in Short Interest
Oracle Corporation (NYSE:ORCL) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 29,364,653 shares, a growth of 14.7% from the October 13th total of 25,600,264 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 14,130,873 shares, the short-interest ratio is currently 2.1 days.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of Oracle Corporation stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,821,999 over the last ninety days. Company insiders own 29.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ORCL. Acrospire Investment Management LLC raised 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 during the last quarter. Burt Wealth Advisors raised its stake in Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Oracle Corporation by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its stake in Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares during the last quarter. Hedge funds and other institutional investors own 58.09% of the company’s stock.
Several analysts recently weighed in on ORCL shares. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 price objective on shares of Oracle Corporation in a research report on Monday, September 11th. Moffett Nathanson started coverage on shares of Oracle Corporation in a research report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Oracle Corporation in a research report on Sunday, August 27th. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Friday, August 18th. Finally, Stifel Nicolaus restated a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. Eleven research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.95.
Shares of Oracle Corporation (ORCL) opened at $48.94 on Monday. The firm has a market cap of $204,250.39, a price-to-earnings ratio of 19.19, a PEG ratio of 1.86 and a beta of 1.07. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. research analysts anticipate that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.55%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s payout ratio is currently 33.19%.
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About Oracle Corporation
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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