Oracle Co. (NYSE:ORCL) Director Michael J. Boskin sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $56.65, for a total transaction of $8,497,500.00. Following the completion of the transaction, the director now directly owns 134,796 shares in the company, valued at approximately $7,636,193.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:ORCL opened at $60.15 on Thursday. The business’s 50-day simple moving average is $54.83. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31. The firm has a market cap of $197.75 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. On average, sell-side analysts expect that Oracle Co. will post 3.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, July 16th. Oracle’s payout ratio is 30.38%.
ORCL has been the topic of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of American Software in a research report on Thursday, June 20th. Credit Suisse Group set a €14.50 ($16.86) price objective on shares of Assicurazioni Generali and gave the company a “sell” rating in a research report on Monday, March 18th. UBS Group reduced their price objective on shares of Broadcom from $325.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Morgan Stanley reduced their price target on shares of 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, Jefferies Financial Group boosted their price objective on shares of Oracle from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Three 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’s stock. The company currently has an average rating of “Hold” and an average price target of $54.58.
Several large investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp grew its position in Oracle by 7.7% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 131,287 shares of the enterprise software provider’s stock valued at $7,479,000 after acquiring an additional 9,378 shares in the last quarter. Trust Co. of Toledo NA OH grew its position in Oracle by 0.9% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 86,611 shares of the enterprise software provider’s stock valued at $4,934,000 after acquiring an additional 741 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in Oracle by 200.9% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 11,791 shares of the enterprise software provider’s stock valued at $672,000 after acquiring an additional 7,872 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Oracle by 2.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 53,165 shares of the enterprise software provider’s stock valued at $3,029,000 after acquiring an additional 1,271 shares in the last quarter. Finally, Arlington Partners LLC grew its position in Oracle by 354.6% in the 2nd quarter. Arlington Partners LLC now owns 49,070 shares of the enterprise software provider’s stock valued at $2,796,000 after acquiring an additional 38,275 shares in the last quarter. 54.40% of the stock is owned by hedge funds and other institutional investors.
Oracle Company Profile
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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