Insider Selling: 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 that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a filing with the SEC, which is available at this link.

Oracle Stock Down 0.5 %

Shares of ORCL opened at $117.39 on Thursday. Oracle Co. has a 52-week low of $96.10 and a 52-week high of $132.77. The company has a market capitalization of $322.65 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The stock has a fifty day simple moving average of $120.19 and a two-hundred day simple moving average of $113.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued 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. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. As a group, equities analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Institutional Trading of Oracle

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in Oracle during the 4th quarter valued at about $1,210,181,000. Wellington Management Group LLP boosted its holdings in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after acquiring an additional 8,084,067 shares during the period. Vanguard Group Inc. boosted its holdings in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. Boston Partners boosted its holdings in Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after acquiring an additional 3,617,413 shares during the period. Finally, Capital World Investors boosted its holdings in Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after acquiring an additional 3,323,334 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Company Profile

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.