Oracle Co. (NYSE:ORCL) was the recipient of unusually large options trading on Wednesday. Traders purchased 20,223 call options on the company. This represents an increase of 205% compared to the average volume of 6,636 call options.

A number of brokerages recently issued reports on ORCL. Bank of America Corp reiterated a “buy” rating and issued a $42.58 target price (down from $48.00) on shares of Oracle in a report on Tuesday, March 14th. Royal Bank of Canada increased their target price on Oracle from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, March 13th. Macquarie reiterated a “buy” rating and issued a $48.00 target price on shares of Oracle in a report on Tuesday, March 14th. JMP Securities upgraded Oracle from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $42.00 to $43.00 in a report on Thursday, March 16th. Finally, Cowen and Company increased their target price on Oracle to $48.00 in a report on Thursday, March 16th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and a consensus price target of $46.42.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $45.25, for a total transaction of $169,687.50. Following the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $374,715.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Safra Catz sold 3,000,000 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $44.99, for a total value of $134,970,000.00. Following the transaction, the chief executive officer now owns 3,461,860 shares in the company, valued at $155,749,081.40. The disclosure for this sale can be found here. Insiders have sold a total of 6,834,841 shares of company stock worth $309,094,949 over the last 90 days. Company insiders own 29.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Shell Asset Management Co. raised its position in shares of Oracle by 0.6% in the third quarter. Shell Asset Management Co. now owns 838,188 shares of the enterprise software provider’s stock worth $32,924,000 after buying an additional 5,005 shares during the last quarter. Middleton & Co Inc MA raised its position in shares of Oracle by 20.6% in the third quarter. Middleton & Co Inc MA now owns 7,388 shares of the enterprise software provider’s stock worth $290,000 after buying an additional 1,260 shares during the last quarter. Tower Bridge Advisors raised its position in shares of Oracle by 62.9% in the third quarter. Tower Bridge Advisors now owns 259,142 shares of the enterprise software provider’s stock worth $10,179,000 after buying an additional 100,029 shares during the last quarter. Stack Financial Management Inc raised its position in shares of Oracle by 1.9% in the third quarter. Stack Financial Management Inc now owns 877,394 shares of the enterprise software provider’s stock worth $34,464,000 after buying an additional 16,192 shares during the last quarter. Finally, Factory Mutual Insurance Co. raised its position in shares of Oracle by 4.2% in the third quarter. Factory Mutual Insurance Co. now owns 2,308,920 shares of the enterprise software provider’s stock worth $90,694,000 after buying an additional 94,000 shares during the last quarter. 57.95% of the stock is owned by institutional investors.

Oracle (NYSE:ORCL) opened at 44.31 on Friday. The company’s 50 day moving average price is $44.72 and its 200-day moving average price is $41.74. The stock has a market capitalization of $182.32 billion, a PE ratio of 20.96 and a beta of 1.14. Oracle has a one year low of $37.62 and a one year high of $46.99.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The company had revenue of $9.27 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Analysts expect that Oracle will post $2.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 dividend on an annualized basis and a yield of 1.72%. Oracle’s dividend payout ratio is presently 28.99%.

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Oracle Company Profile

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.

12 Month Chart for NYSE:ORCL

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