Maria Smith Sells 6,320 Shares of Oracle Co. (NYSE:ORCL) Stock

Oracle Co. (NYSE:ORCL) EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Oracle Trading Down 1.7 %

Shares of ORCL traded down $2.86 during mid-day trading on Tuesday, hitting $167.47. 12,366,168 shares of the company’s stock traded hands, compared to its average volume of 8,592,194. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $464.05 billion, a P/E ratio of 45.14, a PEG ratio of 2.95 and a beta of 1.01. The business’s 50-day moving average price is $140.89 and its 200-day moving average price is $130.95. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.96%. Oracle’s payout ratio is 43.13%.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Bank of America increased their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Stifel Nicolaus lifted their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Monday. Finally, JMP Securities upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $163.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. Capital World Investors grew its position in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after buying an additional 82,551 shares during the period. Parnassus Investments LLC increased its stake in shares of Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after acquiring an additional 2,191,342 shares in the last quarter. Legal & General Group Plc lifted its position in Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after acquiring an additional 296,866 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.