Investors Buy Shares of Oracle (ORCL) on Weakness After Insider Selling

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.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Oracle’s revenue was up 6.2% compared to the same quarter last year. analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.

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.

COPYRIGHT VIOLATION WARNING: “Investors Buy Shares of Oracle (ORCL) on Weakness After Insider Selling” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://sportsperspectives.com/2018/01/19/investors-buy-shares-of-oracle-orcl-on-weakness-after-insider-selling.html.

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.

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply