Oracle Co. (NYSE:ORCL) Director Naomi O. Seligman Sells 2,000 Shares

Oracle Co. (NYSE:ORCL - Get Free Report) Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Oracle Stock Down 6.6 %

NYSE:ORCL traded down $9.06 on Friday, hitting $128.17. The stock had a trading volume of 14,968,758 shares, compared to its average volume of 9,111,905. The company has a market cap of $358.48 billion, a PE ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The business's fifty day moving average is $160.05 and its 200 day moving average is $169.34. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

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Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. Oracle's dividend payout ratio is 46.95%.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. BNP Paribas raised shares of Oracle to a "strong-buy" rating in a report on Tuesday, December 10th. Jefferies Financial Group dropped their price target on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Westpark Capital started coverage on Oracle in a report on Tuesday, April 1st. They set a "buy" rating and a $195.00 price objective on the stock. Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, UBS Group reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.65.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter worth $25,000. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter worth about $30,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after buying an additional 87 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $33,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $34,000. 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.