Investors Sell Shares of Oracle (ORCL) on Strength (ORCL)

Share on StockTwits

Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Thursday. $58.91 million flowed into the stock on the tick-up and $101.51 million flowed out of the stock on the tick-down, for a money net flow of $42.60 million out of the stock. Of all equities tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.17 for the day and closed at $50.43

Several brokerages have recently commented on ORCL. Rosenblatt Securities restated a “hold” rating and set a $51.00 price objective on shares of Oracle in a research report on Tuesday, October 30th. Nomura decreased their price objective on shares of Oracle from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. KeyCorp restated a “hold” rating on shares of Oracle in a research report on Friday, October 26th. Credit Suisse Group reaffirmed a “buy” rating and set a $60.00 target price on shares of Oracle in a research note on Wednesday, October 24th. Finally, Needham & Company LLC assumed coverage on shares of Oracle in a research note on Monday, October 22nd. They set a “hold” rating for the company. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $53.71.

The company has a market capitalization of $208.06 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.12. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.26 billion. During the same period last year, the company posted $0.62 EPS. The business’s revenue was up .8% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 3.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th were paid a $0.19 dividend. The ex-dividend date was Monday, October 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. Oracle’s payout ratio is currently 26.95%.

Oracle declared that its Board of Directors has approved a share repurchase program on Monday, September 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the transaction, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. Insiders sold a total of 142,946 shares of company stock valued at $7,248,965 over the last three months. Corporate insiders own 32.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ORCL. Xact Kapitalforvaltning AB boosted its stake in shares of Oracle by 6.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 673,708 shares of the enterprise software provider’s stock worth $29,684,000 after purchasing an additional 41,024 shares during the period. Augustine Asset Management Inc. boosted its stake in shares of Oracle by 34.4% during the 2nd quarter. Augustine Asset Management Inc. now owns 8,860 shares of the enterprise software provider’s stock worth $390,000 after purchasing an additional 2,270 shares during the period. Ironsides Asset Advisors LLC boosted its stake in shares of Oracle by 46.2% during the 2nd quarter. Ironsides Asset Advisors LLC now owns 23,350 shares of the enterprise software provider’s stock worth $1,029,000 after purchasing an additional 7,375 shares during the period. CX Institutional purchased a new position in shares of Oracle during the 2nd quarter worth about $820,000. Finally, Addenda Capital Inc. boosted its stake in shares of Oracle by 94.3% during the 2nd quarter. Addenda Capital Inc. now owns 232,863 shares of the enterprise software provider’s stock worth $10,306,000 after purchasing an additional 113,023 shares during the period. 53.38% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Investors Sell Shares of Oracle (ORCL) on Strength (ORCL)” was first published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://weekherald.com/2018/11/10/investors-sell-shares-of-oracle-orcl-on-strength-orcl.html.

Oracle Company Profile (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.

Recommended Story: What do investors mean by earnings per share?

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply