Oracle Corp. EVP Thomas Kurian Unloads 800,000 Shares (ORCL)
Oracle Corp. (NASDAQ:ORCL) EVP Thomas Kurian sold 800,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $37.75, for a total transaction of $30,200,000.00. Following the completion of the sale, the executive vice president now directly owns 32,327 shares of the company’s stock, valued at approximately $1,220,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Oracle Corp. (NASDAQ:ORCL) traded down 0.04% on Thursday, hitting $37.705. 10,601,516 shares of the company’s stock traded hands. Oracle Corp. has a 1-year low of $29.86 and a 1-year high of $38.34. The stock has a 50-day moving average of $35.80 and a 200-day moving average of $33.45. The company has a market cap of $169.6 billion and a P/E ratio of 16.05.
Oracle Corp. (NASDAQ:ORCL) last posted its quarterly earnings results 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. On average, analysts predict that Oracle Corp. will post $2.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, January 28th. Shareholders 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 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Oracle Corp. has an average rating of “Buy” and a consensus price target 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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