Oracle Corporation (NYSE:ORCL) Director Hector Garcia-Molina Sells 3,750 Shares

Oracle Corporation (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hector Garcia-Molina also recently made the following trade(s):

  • On Monday, October 16th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $48.70, for a total transaction of $182,625.00.
  • On Friday, September 15th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50.

Oracle Corporation (NYSE:ORCL) opened at $49.61 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14. The company has a market cap of $207,046.64, a PE ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the company posted $0.55 earnings per share. Oracle’s revenue was up 7.0% compared to the same quarter last year. research analysts anticipate that Oracle Corporation will post 2.68 EPS for the current fiscal year.

ORCL has been the topic of a number of research reports. Credit Suisse Group initiated coverage on shares of Oracle in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective on the stock. Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a report on Sunday, September 3rd. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS restated a “neutral” rating and set a $55.00 target price (down from $57.00) on shares of Oracle in a report on Thursday, November 9th. Eleven research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.85.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of Oracle by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock worth $509,383,000 after acquiring an additional 450,836 shares during the last quarter. Partnervest Advisory Services LLC raised its holdings in Oracle by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after buying an additional 39 shares during the last quarter. Lockheed Martin Investment Management Co. raised its holdings in Oracle by 125.6% in the 2nd quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after buying an additional 92,500 shares during the last quarter. Pinnacle Financial Partners Inc. raised its holdings in Oracle by 8.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after buying an additional 9,328 shares during the last quarter. Finally, Boston Partners raised its holdings in Oracle by 20.1% in the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the last quarter. 57.69% of the stock is owned by institutional investors and hedge funds.

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About Oracle

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.

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

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