Oracle Corp. EVP Thomas Kurian Sells 400,000 Shares (ORCL)
Oracle Corp. (NASDAQ:ORCL) EVP Thomas Kurian sold 400,000 shares of Oracle Corp. stock on the open market in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $37.51, for a total value of $15,004,000.00. Following the completion of the sale, the executive vice president now directly owns 32,327 shares in the company, valued at approximately $1,212,586. The sale was disclosed in a filing 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. in a research note to investors on Sunday. Finally, 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. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned 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 a consensus price target of $37.47.
Oracle Corp. (NASDAQ:ORCL) last released its earnings data on Wednesday, December 18th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ 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.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Investors of record on Tuesday, January 7th will be paid a dividend of 0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, January 3rd.
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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