Oracle Corporation (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $877,250. The transaction was disclosed in a filing with the SEC, which is available at this link.
Hector Garcia-Molina also recently made the following trade(s):
- On Wednesday, November 15th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $48.83, for a total value of $183,112.50.
- On Monday, October 16th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $48.70, for a total value of $182,625.00.
Oracle Corporation (NYSE:ORCL) traded down $0.59 on Monday, hitting $47.71. The stock had a trading volume of 25,156,450 shares, compared to its average volume of 13,651,903. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The firm has a market cap of $199,120.00, a PE ratio of 18.44, a P/E/G ratio of 1.84 and a beta of 1.05. Oracle Corporation has a 1-year low of $38.30 and a 1-year high of $53.14.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. Oracle’s dividend payout ratio is currently 32.62%.
Oracle announced that its board has approved a stock repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have weighed in on ORCL. J P Morgan Chase & Co set a $55.00 price target on Oracle and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada set a $51.00 price target on Oracle and gave the stock a “neutral” rating in a report on Monday. Canaccord Genuity cut their price target on Oracle from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Friday. Wedbush restated a “buy” rating and set a $58.00 price target on shares of Oracle in a report on Friday. Finally, BMO Capital Markets cut their price target on Oracle from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday. Fourteen analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.26.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Lincoln National Corp increased its position in Oracle by 6.3% during the first quarter. Lincoln National Corp now owns 9,422 shares of the enterprise software provider’s stock worth $420,000 after buying an additional 555 shares in the last quarter. Thomaspartners Inc. increased its position in Oracle by 9.5% during the first quarter. Thomaspartners Inc. now owns 4,337,983 shares of the enterprise software provider’s stock worth $193,517,000 after buying an additional 374,570 shares in the last quarter. Karp Capital Management Corp purchased a new position in Oracle during the first quarter worth $66,017,000. First Foundation Advisors increased its position in Oracle by 6.2% during the first quarter. First Foundation Advisors now owns 712,429 shares of the enterprise software provider’s stock worth $31,781,000 after buying an additional 41,370 shares in the last quarter. Finally, Sei Investments Co. increased its position in Oracle by 24.3% during the first quarter. Sei Investments Co. now owns 1,443,493 shares of the enterprise software provider’s stock worth $64,393,000 after buying an additional 282,319 shares in the last quarter. 57.70% of the stock is owned by institutional investors and hedge funds.
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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