Oracle Corp. EVP Unloads $15,120,000 in Stock (ORCL)
Oracle Corp. (NASDAQ:ORCL) EVP Thomas Kurian sold 400,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $37.80, for a total value of $15,120,000.00. Following the completion of the sale, the executive vice president now directly owns 32,327 shares of the company’s stock, valued at approximately $1,221,961. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Oracle Corp. (NASDAQ:ORCL) traded up 1.22% on Friday, hitting $38.11. 15,403,532 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 $35.98 and a 200-day moving average of $33.53. The company has a market cap of $171.4 billion and a P/E ratio of 16.02.
Oracle Corp. (NASDAQ:ORCL) last issued its quarterly 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. On average, analysts predict that Oracle Corp. will post $2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Shareholders 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 1.26%. The ex-dividend date is Friday, January 3rd.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. in a research note to investors on Sunday, January 5th. 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 analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus 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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