Insider Selling: Oracle Corp. EVP Unloads 400,000 Shares of Stock (ORCL)
Oracle Corp. (NASDAQ:ORCL) EVP Thomas Kurian unloaded 400,000 shares of Oracle Corp. stock on the open market in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $38.08, for a total value of $15,232,000.00. Following the completion of the transaction, the executive vice president now directly owns 32,327 shares in the company, valued at approximately $1,231,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, 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 equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.38.
Shares of Oracle Corp. (NASDAQ:ORCL) traded up 1.22% during mid-day trading on Tuesday, hitting $38.212. The stock had a trading volume of 10,095,881 shares. 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 $36.07 and a 200-day moving average of $33.6. The company has a market cap of $171.9 billion and a price-to-earnings ratio of 16.06.
Oracle Corp. (NASDAQ:ORCL) last announced its earnings results on Wednesday, December 18th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter 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. 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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