Oracle Co. (NYSE:ORCL) CEO Sells $64,050,487.44 in Stock

Oracle Co. (NYSE:ORCL) CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Safra Catz also recently made the following trade(s):

• On Wednesday, January 22nd, Safra Catz sold 2,101,154 shares of Oracle stock. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90.

Oracle Trading Down 1.5 %

Oracle stock traded down $2.88 during trading hours on Friday, reaching $183.59. The stock had a trading volume of 12,140,455 shares, compared to its average volume of 13,498,160. The company has a fifty day simple moving average of $174.41 and a 200-day simple moving average of $162.22. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The stock has a market cap of $513.50 billion, a PE ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. Analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Institutional Investors Weigh In On Oracle

A number of large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the period. RMR Wealth Builders increased its stake in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 5,675 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in Oracle during the third quarter worth about $4,160,000. Oppenheimer Asset Management Inc. grew its holdings in Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in shares of Oracle by 84.5% during the third quarter. Lord Abbett & CO. LLC now owns 863,883 shares of the enterprise software provider’s stock valued at $147,206,000 after purchasing an additional 395,613 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORCL. KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, UBS Group lifted their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.