Oracle Corporation (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $912,593.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hector Garcia-Molina also recently made the following trade(s):

  • On Tuesday, August 15th, Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock. The stock was sold at an average price of $48.86, for a total transaction of $183,225.00.
  • On Monday, July 17th, Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock. The stock was sold at an average price of $50.30, for a total transaction of $188,625.00.

Oracle Corporation (ORCL) traded down 7.67% on Friday, reaching $48.74. 66,363,592 shares of the company’s stock traded hands. The firm’s 50-day moving average is $50.01 and its 200 day moving average is $46.93. The firm has a market cap of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14.

Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities analysts predict that Oracle Corporation will post $2.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle Corporation’s dividend payout ratio is currently 34.55%.

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Hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC lifted its position in Oracle Corporation by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares during the last quarter. Burt Wealth Advisors lifted its position in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the last quarter. IHT Wealth Management LLC lifted its position in Oracle Corporation by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after purchasing an additional 947 shares during the last quarter. Baystate Wealth Management LLC lifted its position in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after purchasing an additional 206 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in 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 purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 58.67% of the company’s stock.

A number of analysts have recently commented on ORCL shares. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a research report on Friday, May 19th. Rosenblatt Securities reissued a “buy” rating and issued a $55.00 price objective on shares of Oracle Corporation in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Thursday, June 15th. Goldman Sachs Group, Inc. (The) set a $49.00 price objective on shares of Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $49.00 price objective on shares of Oracle Corporation in a research report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $52.39.

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.

Insider Buying and Selling by Quarter for Oracle Corporation (NYSE:ORCL)

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