Oracle (NYSE:ORCL) Trading Down 1.6% Following Insider Selling

Oracle Co. (NYSE:ORCL)’s share price was down 1.6% during trading on Wednesday following insider selling activity. The stock traded as low as $129.79 and last traded at $131.77. Approximately 1,625,334 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 11,920,652 shares. The stock had previously closed at $133.94.

Specifically, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

ORCL has been the topic of several research reports. KeyCorp reiterated an “overweight” rating and set a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Piper Sandler reduced their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. DA Davidson lowered their price target on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday. Mizuho reduced their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Citigroup lowered their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.73.

Oracle Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a fifty day moving average price of $151.82 and a two-hundred day moving average price of $166.61. The firm has a market cap of $359.58 billion, a P/E ratio of 31.43, a PEG ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm posted $1.41 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Institutional Trading of Oracle

A number of institutional investors have recently modified their holdings of ORCL. Requisite Capital Management LLC lifted its stake in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its position in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after purchasing an additional 60 shares in the last quarter. McLean Asset Management Corp lifted its position in shares of Oracle by 1.1% in the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after purchasing an additional 61 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after purchasing an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC grew its position in Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after purchasing an additional 64 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

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.