Oracle Co. (NYSE:ORCL) Director Sells $5,298,300.00 in Stock

Oracle Co. (NYSE:ORCL) Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Oracle Trading Down 0.7 %

Oracle stock opened at $116.57 on Friday. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day simple moving average of $120.30 and a 200 day simple moving average of $113.59. The stock has a market capitalization of $320.39 billion, a P/E ratio of 30.78, a PEG ratio of 2.32 and a beta of 1.03. Oracle Co. has a 52 week low of $96.26 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. Oracle’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORCL. The Goldman Sachs Group raised their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Institutional Investors Weigh In On Oracle

Large investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth $25,000. Westend Capital Management LLC bought a new stake in Oracle during the first quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle in the 3rd quarter valued at about $27,000. Finally, Tidemark LLC bought a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds 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.