Somewhat Positive Press Coverage Somewhat Unlikely to Affect Oracle (ORCL) Share Price
News headlines about Oracle (NYSE:ORCL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oracle earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the enterprise software provider an impact score of 45.9669603137489 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Heading Towards a Potential Reversal? Oracle Corporation (ORCL), General Motors Company (GM) – Market Movers (financialqz.com)
- Oracle (ORCL) Given a $51.00 Price Target by Royal Bank of Canada Analysts (americanbankingnews.com)
- Linear Regression — Machine Learning with TensorFlow and Oracle JET UI Explained (medium.com)
- Digital Realty Adds Oracle to Hybrid Cloud Ecosystem (lightreading.com)
- Digital Realty Data Centers Add Oracle Cloud Direct Connections (sdxcentral.com)
Oracle (NYSE:ORCL) traded up $0.13 during mid-day trading on Monday, hitting $50.71. 16,760,000 shares of the stock traded hands, compared to its average volume of 18,100,000. The stock has a market cap of $211,640.00, a price-to-earnings ratio of 21.76, a PEG ratio of 1.93 and a beta of 1.05. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle has a 1 year low of $39.43 and a 1 year high of $53.14.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s payout ratio is presently 32.62%.
Oracle announced that its board has approved a stock buyback plan on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
ORCL has been the subject of a number of recent research reports. Canaccord Genuity initiated coverage on Oracle in a research note on Friday, October 6th. They set a “buy” rating and a $57.00 price objective for the company. Wedbush reiterated a “buy” rating and set a $58.00 price objective on shares of Oracle in a research note on Friday, December 15th. Vetr lowered Oracle from a “buy” rating to a “hold” rating and set a $51.82 price objective for the company. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price objective on Oracle and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, BidaskClub upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company. Oracle presently has an average rating of “Buy” and a consensus price target of $55.27.
In other news, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the sale, the insider now owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,811,250 shares of company stock worth $90,803,063. Corporate insiders own 29.00% of the company’s stock.
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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