Oracle Corp. Director Sells $728,676 in Stock (ORCL)
Oracle Corp. (NASDAQ:ORCL) Director Jeffrey Berg sold 19,206 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $37.94, for a total value of $728,675.64. Following the completion of the transaction, the director now directly owns 97,293 shares in the company, valued at approximately $3,691,296. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Oracle Corp. (NASDAQ:ORCL) traded down 1.10% on Thursday, hitting $37.84. 18,163,750 shares of the company’s stock traded hands. Oracle Corp. has a one year low of $29.86 and a one year high of $38.34. The stock has a 50-day moving average of $35.34 and a 200-day moving average of $33.28. The company has a market cap of $170.2 billion and a price-to-earnings ratio of 16.28. Oracle Corp. also was the target of some unusual options trading activity on Thursday. Stock investors purchased 164,745 call options on the company. This is an increase of 499% compared to the average volume of 27,485 call options.
Oracle Corp. (NASDAQ:ORCL) last released its earnings data on Wednesday, December 18th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Oracle Corp. will post $2.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, January 28th. Investors of record on Tuesday, January 7th will be given a dividend of 0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, January 3rd.
A number of analysts have recently weighed in on ORCL shares. Analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. in a research note to investors on Friday, December 27th. Separately, analysts at UBS AG raised their price target on shares of Oracle Corp. from $37.00 to $39.00 in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Oracle Corp. from $36.00 to $41.00 in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $37.47.
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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