Traders bought shares of Oracle Corporation (NYSE:ORCL) on weakness during trading hours on Thursday following insider selling activity. $144.80 million flowed into the stock on the tick-up and $75.11 million flowed out of the stock on the tick-down, for a money net flow of $69.69 million into the stock. Of all equities tracked, Oracle had the 7th highest net in-flow for the day. Oracle traded down ($0.04) for the day and closed at $50.23Specifically, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $49.72, for a total value of $186,450.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $901,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Insiders sold 111,250 shares of company stock valued at $5,310,063 over the last quarter. Corporate insiders own 29.00% of the company’s stock.
A number of analysts have issued reports on ORCL shares. Canaccord Genuity started coverage on shares of Oracle in a research note on Friday, October 6th. They issued a “buy” rating and a $57.00 target price for the company. Wedbush reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle in a research note on Friday, December 15th. Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 target price for the company. in a research note on Wednesday. JPMorgan Chase & Co. set a $55.00 target price on shares of Oracle and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.27.
The company has a market capitalization of $209,630.00, a PE ratio of 21.56, a PEG ratio of 1.89 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is currently 32.62%.
Oracle declared that its Board of Directors has initiated a share buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.
A number of hedge funds have recently made changes to their positions in ORCL. Acrospire Investment Management LLC increased its holdings in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the period. Burt Wealth Advisors increased its holdings in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after buying an additional 2,436 shares during the period. State of Alaska Department of Revenue bought a new stake in Oracle in the 2nd quarter valued at $129,000. Finally, ETF Managers Group LLC bought a new stake in Oracle in the 2nd quarter valued at $133,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.
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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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