Oracle Co. (NYSE:ORCL) Director George H. Conrades Sells 25,000 Shares

Oracle Co. (NYSE:ORCLGet Free Report) Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Oracle Price Performance

ORCL stock opened at $114.96 on Friday. Oracle Co. has a 52 week low of $94.41 and a 52 week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a fifty day simple moving average of $119.83 and a two-hundred day simple moving average of $113.27. The firm has a market capitalization of $315.97 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 2.30 and a beta of 1.03.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter last year, the business earned $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.39%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. BMO Capital Markets increased their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, HSBC increased their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Check Out Our Latest Stock Report on Oracle

Institutional Investors Weigh In On Oracle

Institutional investors have recently made changes to their positions in the company. Sandy Spring Bank increased its stake in Oracle by 1.4% in the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares during the period. LVM Capital Management Ltd. MI increased its stake in Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares during the period. Quantum Private Wealth LLC purchased a new position in Oracle in the 3rd quarter worth about $229,000. Cooper Financial Group increased its position in Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after purchasing an additional 1,525 shares during the period. Finally, Mendota Financial Group LLC purchased a new position in Oracle during the 4th quarter valued at about $171,000. Institutional investors own 42.44% of the company’s stock.

About Oracle

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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.

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Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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