Oracle Co. (NYSE:ORCL) CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $56.29, for a total value of $44,328,375.00. Following the completion of the transaction, the chief executive officer now directly owns 874,871 shares in the company, valued at $49,246,488.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Oracle stock opened at $60.15 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49. The company has a 50-day moving average price of $54.83. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50. The company has a market capitalization of $197.75 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.73 and a beta of 1.15.
Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.18. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The company had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. Oracle’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 3.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a $0.24 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. Oracle’s dividend payout ratio (DPR) is 30.38%.
A number of analysts have recently issued reports on ORCL shares. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Exane BNP Paribas started coverage on Workday in a research report on Friday, March 29th. They set an “underperform” rating on the stock. DZ Bank reaffirmed a “neutral” rating on shares of Merck KGaA in a research report on Tuesday, March 19th. Morgan Stanley dropped their target price on Tesla from $97.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$17.00 target price on shares of Wajax in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $54.58.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORCL. Meridian Financial Partners LLC grew its holdings in shares of Oracle by 2.2% in the 1st quarter. Meridian Financial Partners LLC now owns 10,181 shares of the enterprise software provider’s stock worth $555,000 after acquiring an additional 224 shares during the last quarter. Smith Moore & CO. grew its holdings in shares of Oracle by 7.8% in the 4th quarter. Smith Moore & CO. now owns 14,746 shares of the enterprise software provider’s stock worth $666,000 after acquiring an additional 1,073 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Oracle by 7.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099,788 shares of the enterprise software provider’s stock worth $59,070,000 after acquiring an additional 77,283 shares during the last quarter. SevenBridge Financial Group LLC grew its holdings in shares of Oracle by 246.4% in the 4th quarter. SevenBridge Financial Group LLC now owns 46,361 shares of the enterprise software provider’s stock worth $2,093,000 after acquiring an additional 32,978 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Oracle by 189.2% in the 4th quarter. Perpetual Ltd now owns 236,175 shares of the enterprise software provider’s stock worth $10,585,000 after acquiring an additional 154,500 shares during the last quarter. Hedge funds and other institutional investors own 54.40% of the company’s stock.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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