Oracle Co. (NYSE:ORCL) CEO Sells $389,448,893.90 in Stock

Oracle Co. (NYSE:ORCL) CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, January 24th, Safra Catz sold 345,174 shares of Oracle stock. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44.

Oracle Stock Performance

NYSE ORCL opened at $183.59 on Monday. The stock has a market capitalization of $513.50 billion, a PE ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The business has a 50 day simple moving average of $174.41 and a two-hundred day simple moving average of $162.64. 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 announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Institutional Investors Weigh In On Oracle

Several large investors have recently added to or reduced their stakes in ORCL. R Squared Ltd purchased a new stake in Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its stake in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter worth about $44,000. Synergy Asset Management LLC bought a new position in Oracle during the 4th quarter valued at about $47,000. Finally, Avondale Wealth Management purchased a new stake in Oracle in the 3rd quarter worth about $51,000. 42.44% of the stock is owned by institutional investors.

About Oracle

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.