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

Oracle Co. (NYSE:ORCL) CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value 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 represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 transaction of $389,448,893.90.

Oracle Price Performance

Shares of NYSE ORCL traded down $2.88 during midday trading 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 market capitalization of $513.50 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day moving average of $174.41 and a 200-day moving average of $162.22. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Oracle’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Hedge Funds Weigh In On Oracle

Several hedge funds have recently modified their holdings of ORCL. Fred Alger Management LLC boosted its holdings in shares of Oracle by 5.4% during the 2nd quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock valued at $3,808,000 after purchasing an additional 1,388 shares during the last quarter. AXA S.A. boosted its stake in Oracle by 11.0% during the second quarter. AXA S.A. now owns 502,105 shares of the enterprise software provider’s stock valued at $70,897,000 after buying an additional 49,694 shares during the last quarter. APG Asset Management US Inc. grew its holdings in Oracle by 1.8% during the 2nd quarter. APG Asset Management US Inc. now owns 773,858 shares of the enterprise software provider’s stock valued at $110,731,000 after buying an additional 13,732 shares in the last quarter. APG Asset Management N.V. increased its stake in Oracle by 6.9% in the 2nd quarter. APG Asset Management N.V. now owns 1,756,152 shares of the enterprise software provider’s stock worth $231,368,000 after acquiring an additional 114,084 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Oracle by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock worth $1,015,862,000 after acquiring an additional 66,444 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

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.