Oracle Co. (NYSE:ORCL) Short Interest Update

Oracle Co. (NYSE:ORCLGet Rating) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 12,990,000 shares, a decline of 45.1% from the March 15th total of 23,660,000 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 9,090,000 shares, the short-interest ratio is currently 1.4 days.

Shares of ORCL traded down $0.30 during midday trading on Friday, reaching $79.45. The stock had a trading volume of 5,590,385 shares, compared to its average volume of 7,465,563. The company’s fifty day simple moving average is $79.27 and its two-hundred day simple moving average is $87.02. The company has a market cap of $211.99 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.48 and a beta of 0.84. Oracle has a 1-year low of $70.23 and a 1-year high of $106.34.

Oracle (NYSE:ORCLGet Rating) last posted its earnings results on Thursday, March 10th. The enterprise software provider reported $1.13 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.05). The company had revenue of $10.51 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. Research analysts expect that Oracle will post 4.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 21st. Shareholders of record on Friday, April 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, April 7th. Oracle’s payout ratio is currently 49.04%.

Several equities analysts have recently commented on the stock. Jefferies Financial Group set a $80.00 price objective on shares of Oracle in a report on Tuesday, March 15th. JMP Securities restated a “hold” rating on shares of Oracle in a report on Tuesday, December 21st. Piper Sandler lowered shares of Oracle from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $100.00 to $70.00 in a report on Friday, March 11th. BNP Paribas lowered shares of Oracle from a “neutral” rating to an “underperform” rating and set a $79.00 price objective on the stock. in a report on Tuesday, March 29th. Finally, Exane BNP Paribas upgraded shares of Oracle from an “underperform” rating to a “neutral” rating in a report on Tuesday, March 29th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has a consensus rating of “Hold” and an average target price of $93.09.

In other news, Director Charles W. Moorman purchased 15,000 shares of the company’s stock in a transaction dated Thursday, January 20th. The stock was acquired at an average price of $83.76 per share, with a total value of $1,256,400.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Renee Jo James sold 6,000 shares of the stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $84.11, for a total transaction of $504,660.00. Following the completion of the sale, the director now directly owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The disclosure for this sale can be found here. 39.10% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of ORCL. Annex Advisory Services LLC lifted its stake in shares of Oracle by 82.1% in the 1st quarter. Annex Advisory Services LLC now owns 131,561 shares of the enterprise software provider’s stock worth $10,884,000 after acquiring an additional 59,325 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Oracle by 16.7% in the 1st quarter. IFM Investors Pty Ltd now owns 269,576 shares of the enterprise software provider’s stock worth $22,302,000 after acquiring an additional 38,538 shares during the period. Scharf Investments LLC lifted its stake in shares of Oracle by 4.7% in the 1st quarter. Scharf Investments LLC now owns 1,890,053 shares of the enterprise software provider’s stock worth $156,358,000 after acquiring an additional 84,288 shares during the period. SevenBridge Financial Group LLC lifted its stake in shares of Oracle by 15.5% in the 1st quarter. SevenBridge Financial Group LLC now owns 45,185 shares of the enterprise software provider’s stock worth $3,738,000 after acquiring an additional 6,063 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its stake in shares of Oracle by 6.6% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 11,680 shares of the enterprise software provider’s stock worth $966,000 after acquiring an additional 719 shares during the period. 42.33% of the stock is currently owned by institutional investors.

About Oracle (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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