Michael J. Boskin Sells 45,000 Shares of Oracle Co. (NYSE:ORCL) Stock

Oracle Co. (NYSE:ORCL) Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Oracle Price Performance

NYSE:ORCL opened at $116.57 on Friday. Oracle Co. has a 52-week low of $96.26 and a 52-week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business’s 50-day moving average price is $120.30 and its 200 day moving average price is $113.59. The firm has a market cap of $320.39 billion, a P/E ratio of 30.78, a PEG ratio of 2.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. Oracle’s dividend payout ratio is currently 42.22%.

Analysts Set New Price Targets

A number of brokerages have commented on ORCL. BMO Capital Markets boosted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. HSBC lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Institutional Trading of Oracle

Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new stake in Oracle during the 3rd quarter valued at $25,000. Westend Capital Management LLC acquired a new stake in Oracle in the 1st quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle in the third quarter valued at approximately $27,000. Finally, Tidemark LLC acquired a new stake in shares of Oracle in the fourth quarter worth $29,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.