Investors Sell Shares of Oracle (ORCL) on Strength (ORCL)

Investors sold shares of Oracle Co. (NYSE:ORCL) on strength during trading on Tuesday. $57.06 million flowed into the stock on the tick-up and $113.06 million flowed out of the stock on the tick-down, for a money net flow of $56.00 million out of the stock. Of all stocks tracked, Oracle had the 14th highest net out-flow for the day. Oracle traded up $0.29 for the day and closed at $49.51

ORCL has been the topic of a number of analyst reports. UBS Group increased their target price on shares of Oracle from $48.00 to $51.00 and gave the stock a “positive” rating in a research report on Thursday, August 9th. Societe Generale set a $50.00 target price on shares of Oracle and gave the stock a “neutral” rating in a research report on Tuesday, August 14th. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Barclays increased their target price on shares of Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Finally, KeyCorp restated a “hold” rating on shares of Oracle in a research report on Wednesday, September 12th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $53.71.

The company has a market cap of $209.51 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.70 and a beta of 1.12. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.26 billion. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. Equities analysts anticipate that Oracle Co. will post 3.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, October 15th. Oracle’s payout ratio is 26.95%.

Oracle declared that its Board of Directors has approved a stock buyback plan on Monday, September 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to buy up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, EVP Dorian Daley sold 131,696 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now owns 109,615 shares of the company’s stock, valued at approximately $5,582,691.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The disclosure for this sale can be found here. In the last three months, insiders sold 142,946 shares of company stock valued at $7,248,965. 32.00% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new position in Oracle in the 3rd quarter valued at approximately $107,000. WESPAC Advisors SoCal LLC acquired a new position in Oracle in the 3rd quarter valued at approximately $119,000. ELM Advisors LLC acquired a new position in Oracle in the 3rd quarter valued at approximately $122,000. Kiley Juergens Wealth Management LLC increased its position in Oracle by 70.9% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 1,140 shares during the period. Finally, Palo Capital Inc. acquired a new position in Oracle in the 3rd quarter valued at approximately $141,000. 53.14% of the stock is owned by institutional investors and hedge funds.

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Oracle Company Profile (NYSE:ORCL)

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Read More: Return on Investment (ROI) Defined, Explained

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