Oracle Corporation (NYSE:ORCL) saw a significant decrease in short interest in June. As of June 30th, there was short interest totalling 31,828,899 shares, a decrease of 11.0% from the June 15th total of 35,782,747 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 24,651,705 shares, the short-interest ratio is presently 1.3 days.

Shares of Oracle Corporation (ORCL) opened at 50.45 on Wednesday. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The company has a market cap of $208.70 billion, a price-to-earnings ratio of 22.83 and a beta of 1.07. The firm’s 50-day moving average is $47.85 and its 200-day moving average is $44.13.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion during 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 company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. Equities research analysts predict that Oracle Corporation will post $2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.

In related news, Director Bruce R. Chizen sold 206,250 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 63,985 shares in the company, valued at $3,183,253.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction 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 owns 8,281 shares of the company’s stock, valued at approximately $374,715.25. The disclosure for this sale can be found here. Insiders have sold 1,565,101 shares of company stock valued at $76,099,409 in the last three months. 29.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in ORCL. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares in the last quarter. Reilly Financial Advisors LLC raised its position in shares of Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares in the last quarter. Gradient Investments LLC raised its position in shares of Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock valued at $114,000 after buying an additional 1,132 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Oracle Corporation during the second quarter valued at approximately $129,000. Finally, Cribstone Capital Management LLC raised its position in shares of Oracle Corporation by 5.0% in the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock valued at $131,000 after buying an additional 124 shares in the last quarter. 58.54% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. KeyCorp restated a “buy” rating and set a $61.00 target price on shares of Oracle Corporation in a report on Tuesday. MKM Partners restated a “neutral” rating and set a $48.00 target price (up previously from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. Cowen and Company restated an “outperform” rating and set a $55.00 target price (up previously from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Bank of America Corporation restated a “buy” rating and set a $62.00 target price (up previously from $54.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a report on Friday, April 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. Oracle Corporation has a consensus rating of “Buy” and a consensus price target of $50.52.

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Oracle Corporation 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.

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