Oracle Co. (NYSE:ORCL) Vice Chairman Sells $76,168,000.00 in Stock

Oracle Co. (NYSE:ORCL) Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Oracle Trading Up 7.8%

NYSE:ORCL opened at $215.54 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $602.86 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a one year low of $118.86 and a one year high of $216.60. The business has a fifty day moving average price of $152.88 and a 200-day moving average price of $160.46.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Oracle’s payout ratio is presently 46.08%.

Institutional Investors Weigh In On Oracle

A number of institutional investors have recently bought and sold shares of ORCL. Capital & Planning LLC increased its stake in Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after buying an additional 81 shares in the last quarter. Brighton Jones LLC increased its stake in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Oracle during the 4th quarter valued at about $51,084,000. Revolve Wealth Partners LLC boosted its holdings in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Oracle by 13.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 550,414 shares of the enterprise software provider’s stock valued at $91,395,000 after purchasing an additional 65,980 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORCL. Jefferies Financial Group raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Bank of America lifted their target price on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group lifted their target price on shares of Oracle from $200.00 to $225.00 and gave the company a “buy” rating in a report on Thursday. Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Royal Bank of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday. Twelve analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.32.

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.