Oracle Co. (NYSE:ORCL) Director Sells $2,903,250.00 in Stock

Oracle Co. (NYSE:ORCL) Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Oracle Trading Up 0.7 %

ORCL opened at $115.80 on Friday. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a fifty-two week low of $94.41 and a fifty-two week high of $132.77. The company’s 50 day moving average price is $119.91 and its two-hundred day moving average price is $113.32. The firm has a market capitalization of $318.28 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.31 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, research analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer started coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. KeyCorp started coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. Finally, BMO Capital Markets lifted their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Institutional Trading of Oracle

A number of institutional investors have recently bought and sold shares of the company. Brookstone Capital Management raised its stake in shares of Oracle by 62.1% in the third quarter. Brookstone Capital Management now owns 18,188 shares of the enterprise software provider’s stock worth $1,970,000 after purchasing an additional 6,970 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Oracle by 9.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 202,018 shares of the enterprise software provider’s stock valued at $21,398,000 after acquiring an additional 17,265 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Oracle by 5.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 760,772 shares of the enterprise software provider’s stock worth $80,581,000 after acquiring an additional 38,868 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in Oracle by 11.7% during the 3rd quarter. Simon Quick Advisors LLC now owns 3,322 shares of the enterprise software provider’s stock worth $352,000 after acquiring an additional 349 shares during the last quarter. Finally, Stratos Wealth Advisors LLC grew its stake in shares of Oracle by 31.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,947 shares of the enterprise software provider’s stock worth $1,901,000 after acquiring an additional 4,339 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.