Oracle Co. (NYSE:ORCL) Short Interest Down 8.6% in July

Oracle Co. (NYSE:ORCL) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 56,608,300 shares, a decline of 8.6% from the June 30th total of 61,932,200 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily volume of 14,430,000 shares, the days-to-cover ratio is presently 3.9 days.

ORCL has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Oracle from $54.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a research report on Tuesday, June 18th. Macquarie downgraded Oracle from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. UBS Group restated a “neutral” rating and issued a $54.00 price objective on shares of Oracle in a research report on Friday, June 14th. Finally, Barclays upped their price objective on Oracle from $55.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $54.76.

In other Oracle news, Director Naomi O. Seligman sold 90,000 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the sale, the director now directly owns 82,310 shares in the company, valued at $4,899,091.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP W Corey West sold 100,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $58.00, for a total value of $5,800,000.00. Following the sale, the executive vice president now owns 60,268 shares in the company, valued at $3,495,544. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,352,500 shares of company stock worth $76,708,925. 32.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ORCL. Dimensional Fund Advisors LP increased its stake in Oracle by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,351,607 shares of the enterprise software provider’s stock valued at $377,074,000 after purchasing an additional 393,223 shares in the last quarter. Karpus Management Inc. bought a new stake in Oracle during the 4th quarter valued at about $276,000. Western Wealth Management LLC bought a new stake in Oracle during the 4th quarter valued at about $351,000. Lowe Brockenbrough & Co. Inc. grew its stake in shares of Oracle by 0.5% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 241,220 shares of the enterprise software provider’s stock worth $10,891,000 after acquiring an additional 1,268 shares during the period. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Oracle in the fourth quarter worth approximately $97,000. Institutional investors own 54.23% of the company’s stock.

ORCL traded up $1.00 on Friday, reaching $53.59. The company’s stock had a trading volume of 9,854,437 shares, compared to its average volume of 13,893,579. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The business’s 50 day moving average is $57.17 and its 200 day moving average is $54.29. Oracle has a 1 year low of $42.40 and a 1 year high of $60.50. The stock has a market cap of $180.03 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.99 EPS. As a group, research analysts forecast that Oracle will post 3.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 annualized dividend and a yield of 1.79%. Oracle’s dividend payout ratio (DPR) is currently 30.38%.

About Oracle

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.

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