Oracle Corporation (NYSE:ORCL) Director Bruce R. Chizen Sells 206,250 Shares
Oracle Corporation (NYSE:ORCL) Director Bruce R. Chizen sold 206,250 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the sale, the director now directly owns 63,985 shares of the company’s stock, valued at $3,183,253.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Oracle Corporation (NYSE:ORCL) traded up 1.02% during midday trading on Friday, hitting $49.35. The stock had a trading volume of 10,499,209 shares. The company’s 50 day moving average is $46.11 and its 200 day moving average is $43.14. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The firm has a market cap of $204.15 billion, a P/E ratio of 22.33 and a beta of 1.07. Oracle Corporation also was the target of unusually large options trading on Wednesday. Stock investors bought 59,434 call options on the company. This represents an increase of 121% compared to the typical daily volume of 26,881 call options.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. The firm had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. On average, equities analysts predict that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.
A number of analysts have recently issued reports on ORCL shares. Bank of America Corporation reissued a “buy” rating and issued a $42.58 price target (down from $48.00) on shares of Oracle Corporation in a research report on Tuesday, March 14th. Royal Bank Of Canada increased their price target on shares of Oracle Corporation from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, March 13th. Macquarie reissued a “buy” rating and issued a $48.00 price target on shares of Oracle Corporation in a research report on Tuesday, March 14th. JMP Securities raised shares of Oracle Corporation from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $42.00 to $43.00 in a research report on Thursday, March 16th. Finally, Cowen and Company increased their price target on shares of Oracle Corporation to $48.00 in a research report on Thursday, March 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the company. Oracle Corporation has an average rating of “Buy” and a consensus price target of $50.48.
Institutional investors have recently made changes to their positions in the stock. United Bank bought a new position in shares of Oracle Corporation during the fourth quarter valued at $1,287,000. Glenview Trust Co bought a new position in shares of Oracle Corporation during the fourth quarter valued at $1,525,000. Federated Investors Inc. PA boosted its position in shares of Oracle Corporation by 3.4% in the fourth quarter. Federated Investors Inc. PA now owns 364,361 shares of the enterprise software provider’s stock valued at $14,009,000 after buying an additional 12,100 shares during the period. Riverpoint Wealth Management Holdings LLC bought a new position in shares of Oracle Corporation during the fourth quarter valued at $216,000. Finally, First Capital Advisors Group LLC. bought a new position in shares of Oracle Corporation during the fourth quarter valued at $574,000. Institutional investors own 58.53% of the company’s stock.
About Oracle Corporation
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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