Oracle (NYSE:ORCL) Hits New 52-Week High at $75.96


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Oracle Co. (NYSE:ORCL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.96 and last traded at $75.78, with a volume of 40653 shares. The stock had previously closed at $75.58.

Several brokerages recently issued reports on ORCL. Sanford C. Bernstein reissued a “buy” rating and set a $81.00 target price on shares of Oracle in a research note on Thursday, March 11th. Morgan Stanley upped their price objective on shares of Oracle from $67.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 17th. Citigroup assumed coverage on shares of Oracle in a report on Wednesday, March 3rd. They set a “neutral” rating and a $65.00 price objective on the stock. Credit Suisse Group upped their price objective on shares of Oracle from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, March 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Oracle in a report on Thursday, January 21st. They set a “sell” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.04.

The business’s fifty day moving average is $69.19 and its 200-day moving average is $62.71. The company has a debt-to-equity ratio of 7.37, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market cap of $221.08 billion, a PE ratio of 23.23, a P/E/G ratio of 1.79 and a beta of 0.76.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The business had revenue of $10.09 billion during the quarter, compared to the consensus estimate of $10.07 billion. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. Analysts forecast that Oracle Co. will post 3.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 22nd. Shareholders of record on Thursday, April 8th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, April 7th. This is a positive change from Oracle’s previous quarterly dividend of $0.24. Oracle’s dividend payout ratio (DPR) is currently 36.99%.

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $70.03, for a total value of $28,012,000.00. Following the completion of the transaction, the insider now directly owns 400,000 shares in the company, valued at $28,012,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Safra Catz sold 1,150,000 shares of the firm’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $66.31, for a total transaction of $76,256,500.00. Following the completion of the transaction, the chief executive officer now owns 2,218,592 shares of the company’s stock, valued at $147,114,835.52. The disclosure for this sale can be found here. Insiders have sold 3,808,000 shares of company stock valued at $254,732,810 in the last quarter. Company insiders own 39.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. TIAA FSB boosted its position in shares of Oracle by 1.0% in the fourth quarter. TIAA FSB now owns 278,233 shares of the enterprise software provider’s stock valued at $17,999,000 after acquiring an additional 2,726 shares during the period. Boston Trust Walden Corp boosted its position in shares of Oracle by 0.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,322,102 shares of the enterprise software provider’s stock valued at $85,527,000 after acquiring an additional 5,292 shares during the period. Harfst & Associates Inc. boosted its position in shares of Oracle by 52.4% in the fourth quarter. Harfst & Associates Inc. now owns 8,596 shares of the enterprise software provider’s stock valued at $556,000 after acquiring an additional 2,954 shares during the period. Westbourne Investment Advisors Inc. bought a new stake in Oracle during the fourth quarter valued at approximately $692,000. Finally, Fort Pitt Capital Group LLC grew its stake in Oracle by 8.7% in the 4th quarter. Fort Pitt Capital Group LLC now owns 85,964 shares of the enterprise software provider’s stock worth $5,561,000 after buying an additional 6,846 shares in the last quarter. Institutional investors own 47.54% of the company’s stock.

Oracle Company Profile (NYSE:ORCL)

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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