Investors Sell Oracle (ORCL) on Strength (ORCL)

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Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Friday. $93.66 million flowed into the stock on the tick-up and $161.95 million flowed out of the stock on the tick-down, for a money net flow of $68.29 million out of the stock. Of all companies tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.29 for the day and closed at $49.25

Several analysts recently commented on the stock. KeyCorp reissued a “hold” rating on shares of Oracle in a research report on Wednesday. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays increased their price objective on shares of Oracle from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, September 7th. Societe Generale set a $50.00 price objective on shares of Oracle and gave the company a “neutral” rating in a research report on Tuesday, August 14th. Finally, UBS Group upped their target price on shares of Oracle from $48.00 to $51.00 and gave the company a “positive” rating in a research note on Thursday, August 9th. Fifteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.86.

The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $204.25 billion, a PE ratio of 17.43, a PEG ratio of 1.66 and a beta of 1.16.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The firm had revenue of $11.26 billion for the quarter, compared to analysts’ expectations of $11.17 billion. During the same quarter in the prior year, the business earned $0.89 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. equities analysts forecast that Oracle Co. will post 3.05 earnings per share for the current year.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $47.77, for a total value of $179,137.50. Following the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,336,079.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the completion of the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,345,029.21. The disclosure for this sale can be found here. Insiders sold a total of 546,750 shares of company stock worth $24,546,728 in the last quarter. Company insiders own 29.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. Thompson Siegel & Walmsley LLC raised its stake in Oracle by 2.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 304,726 shares of the enterprise software provider’s stock worth $13,426,000 after acquiring an additional 6,366 shares during the period. Charles Schwab Investment Advisory Inc. bought a new stake in Oracle during the 2nd quarter worth approximately $218,896,000. Pitcairn Co. raised its stake in Oracle by 13.7% during the 2nd quarter. Pitcairn Co. now owns 32,418 shares of the enterprise software provider’s stock worth $1,428,000 after acquiring an additional 3,898 shares during the period. 180 Wealth Advisors LLC raised its stake in Oracle by 16.8% during the 2nd quarter. 180 Wealth Advisors LLC now owns 23,323 shares of the enterprise software provider’s stock worth $1,028,000 after acquiring an additional 3,358 shares during the period. Finally, Washington Capital Management Inc. bought a new stake in Oracle during the 2nd quarter worth approximately $1,025,000. Hedge funds and other institutional investors own 53.65% of the company’s stock.

About Oracle (NYSE:ORCL)

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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