Oracle Corporation (ORCL) to Issue Quarterly Dividend of $0.50 on April 24th

Oracle Corporation (NYSE:ORCL) announced a quarterly dividend on Tuesday, March 10th. Investors of record on Thursday, April 9th will be given a dividend of 0.50 per share by the enterprise software provider on Friday, April 24th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, April 9th.

Oracle has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Oracle has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Oracle to earn $5.61 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.7%.

Oracle Price Performance

Oracle stock opened at $145.56 on Tuesday. The stock’s fifty day moving average price is $152.46 and its two-hundred day moving average price is $204.84. Oracle has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $418.63 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.60.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, March 10th. The enterprise software provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.08. Oracle had a return on equity of 62.70% and a net margin of 25.30%.The firm had revenue of $17.19 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same quarter last year, the company earned $1.47 EPS. The company’s revenue was up 21.7% on a year-over-year basis. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. As a group, research analysts expect that Oracle will post 5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Oracle news, EVP Douglas A. Kehring sold 35,000 shares of Oracle stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $194.89, for a total transaction of $6,821,150.00. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $6,555,709.82. The trade was a 50.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Clayton M. Magouyrk sold 10,000 shares of Oracle stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $155.23, for a total value of $1,552,300.00. Following the transaction, the chief executive officer directly owned 134,030 shares in the company, valued at $20,805,476.90. The trade was a 6.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 40.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Old North State Trust LLC raised its stake in shares of Oracle by 33.2% in the fourth quarter. Old North State Trust LLC now owns 2,991 shares of the enterprise software provider’s stock worth $583,000 after purchasing an additional 745 shares during the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Oracle in the fourth quarter worth approximately $833,000. Purpose Unlimited Inc. purchased a new stake in shares of Oracle in the fourth quarter worth approximately $421,000. Stance Capital LLC raised its stake in shares of Oracle by 52.7% in the fourth quarter. Stance Capital LLC now owns 7,023 shares of the enterprise software provider’s stock worth $1,369,000 after purchasing an additional 2,424 shares during the last quarter. Finally, Cornerstone Planning LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $3,280,000. 42.44% of the stock is owned by institutional investors and hedge funds.

About Oracle

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.