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

Oracle Co. (NYSE:ORCL - Get Free Report)'s share price traded down 1.6% during trading on Wednesday following insider selling activity. The company traded as low as $164.50 and last traded at $164.78. 2,212,947 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 8,556,944 shares. The stock had previously closed at $167.47.

Specifically, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORCL shares. JPMorgan Chase & Co. raised their price objective on Oracle from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. DA Davidson raised their price target on Oracle from $105.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Piper Sandler increased their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Tuesday, September 10th. KeyCorp boosted their target price on shares of Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday, September 10th. Finally, Guggenheim increased their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $163.88.

Oracle Trading Down 1.8 %

The company has a market capitalization of $455.91 billion, a PE ratio of 44.42, a PEG ratio of 2.95 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The business's 50-day simple moving average is $140.89 and its two-hundred day simple moving average is $130.95.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm earned $0.95 EPS. Oracle's quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.97%. Oracle's dividend payout ratio is presently 43.13%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider's stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the last quarter. Capital World Investors boosted its holdings in Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider's stock worth $2,319,604,000 after purchasing an additional 82,551 shares during the period. Parnassus Investments LLC increased its stake in Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider's stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider's stock worth $1,869,816,000 after purchasing an additional 296,866 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock worth $1,616,855,000 after buying an additional 7,699,141 shares during 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.