Investors Sell Oracle (ORCL) on Strength Following Insider Selling

Investors sold shares of Oracle Corporation (NYSE:ORCL) on strength during trading hours on Monday after an insider sold shares in the company. $51.09 million flowed into the stock on the tick-up and $130.23 million flowed out of the stock on the tick-down, for a money net flow of $79.14 million out of the stock. Of all companies tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.08 for the day and closed at $47.36Specifically, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $48.70, for a total value of $182,625.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the transaction, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 278,750 shares of company stock worth $13,459,738. Insiders own 29.00% of the company’s stock.

ORCL has been the subject of a number of recent research reports. JPMorgan Chase & Co. set a $55.00 price target on shares of Oracle and gave the stock a “buy” rating in a research note on Friday, September 15th. UBS Group restated a “buy” rating and issued a $57.00 target price (up previously from $52.00) on shares of Oracle in a research note on Friday, September 15th. BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Thursday, September 14th. Finally, Drexel Hamilton restated a “buy” rating and issued a $62.00 target price on shares of Oracle in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $55.26.

The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The company has a market cap of $196,051.56, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. equities analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.60%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.

Oracle announced that its Board of Directors has approved a share repurchase program on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Oracle by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after acquiring an additional 5,270,359 shares during the last quarter. BlackRock Inc. lifted its position in Oracle by 2.5% during the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after buying an additional 4,678,977 shares in the last quarter. Harris Associates L P lifted its position in Oracle by 17.9% during the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after buying an additional 7,427,501 shares in the last quarter. Northern Trust Corp lifted its position in Oracle by 4.6% during the second quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock valued at $2,110,799,000 after buying an additional 1,835,835 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Oracle by 1.2% during the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after buying an additional 482,220 shares in the last quarter. Institutional investors and hedge funds own 57.89% of the company’s stock.

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Oracle 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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