Traders Sell Oracle (ORCL) on Strength After Insider Selling

Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Wednesday after an insider sold shares in the company. $59.46 million flowed into the stock on the tick-up and $115.51 million flowed out of the stock on the tick-down, for a money net flow of $56.05 million out of the stock. Of all equities tracked, Oracle had the 9th highest net out-flow for the day. Oracle traded up $0.42 for the day and closed at $47.08Specifically, Director Naomi O. Seligman sold 45,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total value of $2,310,300.00. Following the transaction, the director now owns 62,498 shares of the company’s stock, valued at approximately $3,208,647.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $52.19, for a total value of $195,712.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $945,943.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,056,250 shares of company stock worth $102,747,288. Corporate insiders own 29.00% of the company’s stock.

Several equities analysts have commented on the company. Monness Crespi & Hardt began coverage on Oracle in a research report on Wednesday, April 11th. They issued a “neutral” rating on the stock. William Blair reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, March 20th. Cleveland Research reiterated a “hold” rating on shares of Oracle in a report on Saturday, March 17th. OTR Global cut Oracle to a “positive” rating in a report on Friday, March 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $53.00 target price (down from $55.00) on shares of Oracle in a report on Tuesday, March 20th. Seventeen investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $56.11.

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The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16. The company has a market cap of $190,628.67, a P/E ratio of 18.91, a PEG ratio of 1.70 and a beta of 1.15.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. analysts expect that Oracle Co. will post 2.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, April 16th. Oracle’s dividend payout ratio is presently 30.52%.

Oracle declared that its Board of Directors has authorized a share repurchase plan on Friday, February 2nd that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC grew its holdings in Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the period. Tarbox Family Office Inc. grew its holdings in Oracle by 71.1% during the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares during the period. Cerebellum GP LLC acquired a new stake in Oracle during the fourth quarter worth about $126,000. Finally, ETF Managers Group LLC acquired a new stake in Oracle during the second quarter worth about $133,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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