Traders Buy Shares of Oracle (ORCL) on Weakness
Traders purchased shares of Oracle Co. (NYSE:ORCL) on weakness during trading on Wednesday. $136.42 million flowed into the stock on the tick-up and $95.16 million flowed out of the stock on the tick-down, for a money net flow of $41.26 million into the stock. Of all stocks tracked, Oracle had the 30th highest net in-flow for the day. Oracle traded down ($0.53) for the day and closed at $48.87
A number of equities research analysts have weighed in on ORCL shares. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. UBS Group reaffirmed a “neutral” rating and issued a $55.00 target price (down previously from $57.00) on shares of Oracle in a report on Thursday, November 9th. Vetr downgraded Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 target price on the stock. in a report on Monday, November 20th. BidaskClub raised Oracle from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Finally, Royal Bank of Canada set a $53.00 target price on Oracle and gave the company a “buy” rating in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the stock. Oracle has a consensus rating of “Buy” and an average target price of $55.39.
The company has a market cap of $199,200.00, a PE ratio of 20.48, a PEG ratio of 1.86 and a beta of 1.08. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio is currently 32.62%.
Oracle declared that its Board of Directors has initiated a stock buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of 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 document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,956,250 shares of company stock valued at $98,313,363. 29.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of ORCL. Acrospire Investment Management LLC grew its stake in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the period. Burt Wealth Advisors grew its stake in shares of Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the period. Tarbox Family Office Inc. grew its stake in shares of Oracle by 71.1% in the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 965 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after buying an additional 2,436 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.
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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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