Oracle Corporation (NYSE:ORCL) Director Jeffrey Berg sold 45,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Oracle Corporation (NYSE ORCL) opened at 48.16 on Friday. The stock has a market cap of $199.22 billion, a PE ratio of 21.79 and a beta of 1.05. The company’s 50 day moving average is $49.85 and its 200 day moving average is $47.11. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. On average, analysts anticipate that Oracle Corporation will post $2.94 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.
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Several equities research analysts have recently issued reports on ORCL shares. Vetr lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a research note on Sunday, September 3rd. Zacks Investment Research lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Jefferies Group LLC restated a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and set a $53.00 price target on shares of Oracle Corporation in a research note on Sunday, August 27th. Finally, ValuEngine upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $53.33.
A number of hedge funds have recently bought and sold shares of the stock. MPS Loria Financial Planners LLC purchased a new position in Oracle Corporation in the 2nd quarter worth about $180,000. Burgundy Asset Management Ltd. increased its stake in Oracle Corporation by 1.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 6,086,871 shares of the enterprise software provider’s stock worth $305,196,000 after buying an additional 60,828 shares during the period. Intl Fcstone Inc. purchased a new position in Oracle Corporation in the 2nd quarter worth about $274,000. Lord Abbett & CO. LLC increased its stake in Oracle Corporation by 26.8% in the 2nd quarter. Lord Abbett & CO. LLC now owns 2,161,149 shares of the enterprise software provider’s stock worth $108,360,000 after buying an additional 456,231 shares during the period. Finally, Farmers National Bank increased its stake in Oracle Corporation by 8.9% in the 2nd quarter. Farmers National Bank now owns 4,640 shares of the enterprise software provider’s stock worth $233,000 after buying an additional 380 shares during the period. 58.64% of the stock is currently owned by institutional investors.
Oracle Corporation Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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