Oracle Co. (NYSE:ORCL) Insider Sells $32,976,000.00 in Stock

Oracle Co. (NYSE:ORCL) insider Edward Screven sold 600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $54.96, for a total value of $32,976,000.00. Following the completion of the transaction, the insider now directly owns 2,812,345 shares of the company’s stock, valued at $154,566,481.20. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE ORCL traded down $0.14 during midday trading on Friday, reaching $54.50. 8,951,935 shares of the company’s stock were exchanged, compared to its average volume of 13,461,590. The firm has a market cap of $225.86 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.81 and a beta of 1.08. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $55.53. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $0.83 earnings per share. As a group, research analysts predict that Oracle Co. will post 3.08 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a $0.24 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, April 10th. Oracle’s payout ratio is presently 34.04%.

A number of equities research analysts have commented on ORCL shares. Credit Suisse Group reiterated a “buy” rating and set a $60.00 target price on shares of Oracle in a report on Monday, March 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $53.00 target price on shares of Oracle in a report on Wednesday, March 13th. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 target price on shares of Oracle in a report on Thursday, February 14th. Wedbush raised their price objective on Oracle from $49.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Finally, Exane BNP Paribas began coverage on Oracle in a report on Friday, March 29th. They set a “neutral” rating and a $50.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $52.87.

A number of hedge funds have recently modified their holdings of the business. Csenge Advisory Group bought a new stake in Oracle during the third quarter worth approximately $25,000. Massey Quick Simon & CO. LLC increased its holdings in shares of Oracle by 220.9% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock valued at $27,000 after buying an additional 413 shares in the last quarter. GWM Advisors LLC increased its holdings in shares of Oracle by 56.9% in the first quarter. GWM Advisors LLC now owns 42,213 shares of the enterprise software provider’s stock valued at $27,000 after buying an additional 15,316 shares in the last quarter. Advisory Alpha LLC bought a new position in shares of Oracle in the first quarter valued at $29,000. Finally, Investors Research Corp bought a new position in shares of Oracle in the first quarter valued at $30,000. Institutional investors own 47.10% of the company’s stock.

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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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Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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