Stock Traders Purchase High Volume of Call Options on Oracle Corp. (ORCL)
Oracle Corp. (NASDAQ:ORCL) saw unusually large options trading on Friday. Stock traders bought 35,731 call options on the company, Stock Ratings Network reports. This is an increase of approximately 110% compared to the typical daily volume of 17,055 call options.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 2,500 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $32.89, for a total transaction of $82,225.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $164,450. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ORCL. Analysts at Wedbush raised their price target on shares of Oracle Corp. (NASDAQ:ORCL) from $34.00 to $36.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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.
Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $36.45.
Oracle Corp. (NASDAQ:ORCL) opened at 34.05 on Monday. Oracle Corp. has a 52 week low of $29.52 and a 52 week high of $36.43. The stock has a 50-day moving average of $32.66 and a 200-day moving average of $32.99. The company has a market cap of $156.9 billion and a P/E ratio of 14.63.
Oracle Corp. (NASDAQ:ORCL) last issued its quarterly earnings data 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. Analysts expect that Oracle Corp. will post $2.89 EPS 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 1.41%. 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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