Oracle Corp. (ORCL) Director Hector Garcia-Molina Sells 3,750 Shares
Oracle Corp. (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $38.42, for a total transaction of $144,075.00. Following the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $318,156.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Hector Garcia-Molina also recently made the following trade(s):
- On Thursday, September 15th, Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00.
- On Monday, August 15th, Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock. The stock was sold at an average price of $41.12, for a total transaction of $154,200.00.
Shares of Oracle Corp. (NYSE:ORCL) traded up 0.34% during mid-day trading on Tuesday, reaching $38.42. The company had a trading volume of 7,121,851 shares. The stock has a 50 day moving average price of $39.63 and a 200 day moving average price of $40.20. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The firm has a market capitalization of $157.74 billion, a PE ratio of 18.25 and a beta of 1.23.
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Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The business had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. On average, equities analysts forecast that Oracle Corp. will post $2.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
Several analysts have commented on ORCL shares. DA Davidson set a $52.00 target price on shares of Oracle Corp. and gave the stock a “buy” rating in a report on Tuesday, October 11th. BTIG Research restated a “buy” rating and set a $47.00 target price on shares of Oracle Corp. in a report on Monday, August 22nd. Vetr upgraded shares of Oracle Corp. from a “hold” rating to a “buy” rating and set a $42.94 target price on the stock in a report on Wednesday, August 31st. JPMorgan Chase & Co. restated a “neutral” rating and set a $41.00 target price on shares of Oracle Corp. in a report on Thursday, September 15th. Finally, Cowen and Company restated an “outperform” rating and set a $46.00 target price on shares of Oracle Corp. in a report on Monday, September 26th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have assigned a buy rating to the company. Oracle Corp. currently has a consensus rating of “Hold” and an average target price of $46.26.
Several hedge funds have recently modified their holdings of ORCL. Telemus Capital LLC acquired a new stake in shares of Oracle Corp. during the first quarter worth about $768,000. Commonwealth Equity Services Inc increased its stake in shares of Oracle Corp. by 4.8% in the first quarter. Commonwealth Equity Services Inc now owns 385,557 shares of the enterprise software provider’s stock worth $15,773,000 after buying an additional 17,705 shares during the period. Aperio Group LLC increased its stake in shares of Oracle Corp. by 4.3% in the first quarter. Aperio Group LLC now owns 1,484,375 shares of the enterprise software provider’s stock worth $60,726,000 after buying an additional 61,419 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Oracle Corp. during the first quarter worth about $2,878,000. Finally, Buffington Mohr McNeal increased its stake in shares of Oracle Corp. by 194.8% in the first quarter. Buffington Mohr McNeal now owns 10,112 shares of the enterprise software provider’s stock worth $413,000 after buying an additional 6,682 shares during the period. Hedge funds and other institutional investors own 58.22% of the company’s stock.
About Oracle Corp.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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