Oracle Corporation (NYSE:ORCL) was the target of unusually large options trading on Tuesday. Stock traders purchased 19,908 call options on the stock. This is an increase of approximately 103% compared to the typical volume of 9,799 call options.

Oracle Corporation (NYSE ORCL) opened at 48.55 on Friday. The company’s 50-day moving average price is $49.87 and its 200-day moving average price is $45.65. The company has a market capitalization of $200.84 billion, a P/E ratio of 21.97 and a beta of 1.06. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85.

Oracle Corporation (NYSE:ORCL) last posted its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. On average, equities analysts forecast that Oracle Corporation will post $2.96 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total value of $183,225.00. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $885,587.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Chizen sold 206,250 shares of the business’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 completion of the transaction, the director now directly owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock valued at $91,560,925 in the last ninety days. Corporate insiders own 29.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Raymond James Trust N.A. increased its position in Oracle Corporation by 1.6% in the first quarter. Raymond James Trust N.A. now owns 96,232 shares of the enterprise software provider’s stock valued at $4,293,000 after buying an additional 1,539 shares during the period. Osborn Williams & Donohoe LLC increased its position in Oracle Corporation by 0.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 131,277 shares of the enterprise software provider’s stock valued at $5,856,000 after buying an additional 542 shares during the period. Denali Advisors LLC increased its position in Oracle Corporation by 1,983.6% in the first quarter. Denali Advisors LLC now owns 304,200 shares of the enterprise software provider’s stock valued at $13,570,000 after buying an additional 289,600 shares during the period. Hills Bank & Trust Co. increased its position in Oracle Corporation by 15.0% in the first quarter. Hills Bank & Trust Co. now owns 25,058 shares of the enterprise software provider’s stock valued at $1,118,000 after buying an additional 3,275 shares during the period. Finally, Paradigm Financial Advisors LLC bought a new position in Oracle Corporation during the first quarter valued at approximately $288,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

Several research analysts recently weighed in on ORCL shares. Bank of America Corporation cut their target price on shares of Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, June 30th. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Tuesday, May 16th. Argus raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Friday, June 23rd. Societe Generale downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating and cut their target price for the company from $51.00 to $50.00 in a research note on Thursday, May 11th. Finally, KeyCorp raised shares of Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price for the company in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company. Oracle Corporation has an average rating of “Buy” and a consensus target price of $50.70.

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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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