Oracle Corp. Sees Unusually Large Options Volume (ORCL)
Shares of Oracle Corp. (NASDAQ:ORCL) saw some unusual options trading activity on Wednesday. Stock traders bought 105,099 put options on the company, AR Network reports. This represents an increase of approximately 741% compared to the typical volume of 12,493 put options.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 2,500 shares of the stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $32.89, for a total value of $82,225.00. Following the transaction, the director now directly owns 5,000 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on ORCL. Analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Friday, September 13th. They now have a $34.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Oracle Corp. presently has an average rating of “Buy” and an average price target of $36.48.
Shares of Oracle Corp. (NASDAQ:ORCL) traded up 1.83% on Wednesday, hitting $33.87. 39,425,576 shares of the company’s stock traded hands. Oracle Corp. has a one year low of $29.52 and a one year high of $36.43. The stock has a 50-day moving average of $32.53 and a 200-day moving average of $32.99. The company has a market cap of $156.8 billion and a price-to-earnings ratio of 14.72.
Oracle Corp. (NASDAQ:ORCL) last released its earnings data on Wednesday, September 18th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Oracle Corp. will post $2.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 29th. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.42%.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
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