Traders Buy Shares of Oracle Corporation (ORCL) on Weakness

Investors purchased shares of Oracle Corporation (NYSE:ORCL) on weakness during trading hours on Tuesday. $93.97 million flowed into the stock on the tick-up and $54.79 million flowed out of the stock on the tick-down, for a money net flow of $39.18 million into the stock. Of all equities tracked, Oracle Corporation had the 18th highest net in-flow for the day. Oracle Corporation traded down ($0.20) for the day and closed at $49.20

A number of research firms have weighed in on ORCL. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Oracle Corporation in a report on Monday, September 11th. Vetr cut shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective for the company. in a report on Tuesday, September 12th. Canaccord Genuity began coverage on shares of Oracle Corporation in a report on Friday, October 6th. They issued a “buy” rating and a $57.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Oracle Corporation in a report on Tuesday, September 19th. Finally, Moffett Nathanson began coverage on shares of Oracle Corporation in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Oracle Corporation currently has an average rating of “Buy” and an average price target of $55.05.

The stock has a market capitalization of $205,340.00, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. Oracle Corporation’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. equities analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

In other news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value 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. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $48.70, for a total transaction of $182,625.00. The disclosure for this sale can be found here. Insiders sold a total of 302,026 shares of company stock valued at $14,638,887 in the last 90 days. Company insiders own 29.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ORCL. FTB Advisors Inc. increased its holdings in shares of Oracle Corporation by 1.8% in the 1st quarter. FTB Advisors Inc. now owns 17,501 shares of the enterprise software provider’s stock valued at $781,000 after purchasing an additional 304 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Oracle Corporation by 6.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,525,925 shares of the enterprise software provider’s stock valued at $68,525,000 after purchasing an additional 93,229 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Oracle Corporation by 0.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 155,033 shares of the enterprise software provider’s stock valued at $6,916,000 after purchasing an additional 850 shares in the last quarter. Tower Bridge Advisors increased its holdings in shares of Oracle Corporation by 2.4% in the 1st quarter. Tower Bridge Advisors now owns 260,875 shares of the enterprise software provider’s stock valued at $11,638,000 after purchasing an additional 6,152 shares in the last quarter. Finally, AMG National Trust Bank increased its holdings in shares of Oracle Corporation by 5.7% in the 1st quarter. AMG National Trust Bank now owns 46,819 shares of the enterprise software provider’s stock valued at $2,089,000 after purchasing an additional 2,540 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

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About Oracle Corporation

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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