Oracle Corporation (NYSE:ORCL) CEO Safra Catz sold 5,000,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $50.05, for a total transaction of $250,250,000.00. Following the sale, the chief executive officer now owns 1,037,860 shares of the company’s stock, valued at $51,944,893. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Oracle Corporation (NYSE:ORCL) traded up $0.68 during midday trading on Wednesday, hitting $50.27. 23,182,585 shares of the stock traded hands, compared to its average volume of 17,860,000. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Corporation has a twelve month low of $38.88 and a twelve month high of $53.14. The stock has a market capitalization of $209,800.00, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal year.

Oracle declared that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s payout ratio is 32.62%.

A number of institutional investors have recently modified their holdings of the stock. Cullinan Associates Inc. raised its holdings in Oracle by 8.6% during the fourth quarter. Cullinan Associates Inc. now owns 216,915 shares of the enterprise software provider’s stock worth $10,256,000 after purchasing an additional 17,195 shares in the last quarter. Berkshire Asset Management LLC PA raised its holdings in Oracle by 4.1% during the fourth quarter. Berkshire Asset Management LLC PA now owns 30,901 shares of the enterprise software provider’s stock worth $1,461,000 after purchasing an additional 1,207 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Oracle by 4.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 10,864,577 shares of the enterprise software provider’s stock worth $513,678,000 after purchasing an additional 463,760 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Oracle by 5.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 59,385 shares of the enterprise software provider’s stock worth $2,808,000 after purchasing an additional 3,244 shares in the last quarter. Finally, Coastline Trust Co raised its holdings in Oracle by 1.5% during the fourth quarter. Coastline Trust Co now owns 83,374 shares of the enterprise software provider’s stock worth $3,942,000 after purchasing an additional 1,220 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.

Several research analysts have weighed in on ORCL shares. UBS Group set a $55.00 target price on shares of Oracle and gave the stock a “neutral” rating in a research note on Friday, December 15th. Vetr raised shares of Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price for the company in a research note on Thursday, November 2nd. BidaskClub raised shares of Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Finally, Goldman Sachs Group set a $56.00 target price on shares of Oracle and gave the stock a “buy” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $55.28.

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About Oracle

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 (NYSE:ORCL)

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