Traders Purchase High Volume of Oracle Corp. Call Options (ORCL)
Shares of Oracle Corp. (NASDAQ:ORCL) saw some unusual options trading on Thursday. Investors acquired 70,772 call options on the company, Analyst Ratings Network.com reports. This represents an increase of 349% compared to the typical volume of 15,749 call options.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 2,500 shares of the company’s 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 transaction of $82,225.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on ORCL shares. Analysts at UBS AG raised their price target on shares of Oracle Corp. (NASDAQ:ORCL) to $37.00 in a research note to investors on Thursday. Separately, analysts at Barclays Capital raised their price target on shares of Oracle Corp. (NASDAQ:ORCL) from $37.00 to $41.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Thursday. They now have a $35.00 price target on the stock, down previously from $36.50.
Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.39.
Shares of Oracle Corp. (NASDAQ:ORCL) traded up 0.06% during mid-day trading on Thursday, hitting $33.89. The stock had a trading volume of 63,254,212 shares. Oracle Corp. has a 52-week low of $29.52 and a 52-week high of $36.43. The stock’s 50-day moving average is $32.57 and its 200-day moving average is $32.99. The company has a market cap of $156.9 billion and a price-to-earnings ratio of 14.99.
Oracle Corp. (NASDAQ:ORCL) last announced its earnings results on Wednesday, September 18th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.53 earnings per share. Oracle Corp.’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Oracle Corp. will post $2.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 29th. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Friday, October 4th.
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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