Traders sold shares of Oracle Co. (NYSE:ORCL) on strength during trading on Monday after an insider sold shares in the company. $62.38 million flowed into the stock on the tick-up and $131.98 million flowed out of the stock on the tick-down, for a money net flow of $69.60 million out of the stock. Of all companies tracked, Oracle had the 24th highest net out-flow for the day. Oracle traded up $0.07 for the day and closed at $50.71Specifically, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the completion of the transaction, the executive vice president now owns 37,576 shares of the company’s stock, valued at approximately $1,953,952. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total value of $186,225.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,956,250 shares of company stock valued at $98,316,475. 29.00% of the stock is owned by corporate insiders.
Several research firms have recently issued reports on ORCL. Credit Suisse Group reaffirmed a “buy” rating and set a $62.00 price target on shares of Oracle in a research note on Sunday. Vetr downgraded Oracle from a “buy” rating to a “hold” rating and set a $51.30 price target for the company. in a research note on Thursday. ValuEngine raised Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Instinet began coverage on Oracle in a research note on Wednesday, January 24th. They set a “buy” rating and a $51.12 price target for the company. Finally, Nomura began coverage on Oracle in a research note on Tuesday, January 23rd. They set a “buy” rating and a $64.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $55.38.
The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The company has a market capitalization of $209,920.00, a price-to-earnings ratio of 21.76, a PEG ratio of 1.93 and a beta of 1.08.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s payout ratio is currently 32.62%.
Oracle announced that its Board of Directors has initiated a share buyback 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 buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Oracle by 2.6% in the 2nd 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 period. BlackRock Inc. boosted its holdings in Oracle by 2.5% in the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after acquiring an additional 4,678,977 shares during the period. Harris Associates L P boosted its holdings in Oracle by 17.9% in the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after acquiring an additional 7,427,501 shares during the period. Northern Trust Corp boosted its holdings in Oracle by 4.6% in the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after acquiring an additional 1,835,835 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Oracle by 1.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock worth $2,091,710,000 after acquiring an additional 482,220 shares during the period. Institutional investors and hedge funds own 58.36% of the company’s stock.
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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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