Insider Selling: Oracle Co. (NYSE:ORCL) Insider Sells $34,042,967.40 in Stock

Oracle Co. (NYSE:ORCL) insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Oracle Trading Down 0.7 %

Shares of Oracle stock opened at $138.25 on Thursday. The firm has a market capitalization of $381.00 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm’s 50 day moving average is $123.84 and its 200 day moving average is $117.48. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $145.32.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the firm posted $1.35 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter valued at $25,000. Orion Capital Management LLC bought a new position in Oracle during the 3rd quarter worth $25,000. Spartan Planning & Wealth Management acquired a new position in Oracle during the 3rd quarter worth about $27,000. Tidemark LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $29,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $30,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Mizuho raised their price objective on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. KeyCorp upped their price objective on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Morgan Stanley reissued an “equal weight” rating and set a $125.00 target price on shares of Oracle in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.83.

Oracle Company Profile

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.