Oracle Co. (NYSE:ORCL) Director Sells $2,320,000.00 in Stock

Oracle Co. (NYSE:ORCL) Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Oracle Price Performance

Shares of ORCL stock traded up $2.54 during trading hours on Monday, hitting $118.34. The company’s stock had a trading volume of 5,305,129 shares, compared to its average volume of 8,258,865. The business has a fifty day moving average of $119.91 and a 200-day moving average of $113.38. The stock has a market cap of $325.26 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 2.32 and a beta of 1.03. Oracle Co. has a twelve month low of $96.10 and a twelve month high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter last year, the business earned $0.96 earnings per share. Oracle’s revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Hedge Funds Weigh In On Oracle

A number of hedge funds have recently made changes to their positions in ORCL. Westend Capital Management LLC purchased a new position in shares of Oracle in the 1st quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management purchased a new stake in Oracle during the 3rd quarter worth $27,000. Finally, Tidemark LLC purchased a new stake in Oracle during the 4th quarter worth $29,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. HSBC increased their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

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.