Oracle (NYSE:ORCL) Stock Price Down 9.7% Following Insider Selling

Shares of Oracle Co. (NYSE:ORCL - Get Free Report) were down 9.7% during trading on Monday following insider selling activity. The stock traded as low as $166.13 and last traded at $165.72. Approximately 11,780,896 shares changed hands during trading, a decline of 11% from the average daily volume of 13,269,305 shares. The stock had previously closed at $183.60.

Specifically, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 345,174 shares of the company's 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The disclosure for this sale can be found here.

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Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Evercore ISI boosted their price target on Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. DA Davidson raised their price objective on Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets lifted their target price on Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.73.

Oracle Stock Down 0.5 %

The firm has a 50 day moving average price of $172.34 and a 200-day moving average price of $163.08. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $473.98 billion, a price-to-earnings ratio of 41.43, a price-to-earnings-growth ratio of 3.19 and a beta of 1.06.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle's payout ratio is presently 39.12%.

Institutional Trading of Oracle

A number of large investors have recently added to or reduced their stakes in the company. Advisory Alpha LLC acquired a new position in Oracle in the 2nd quarter valued at $255,000. Newbridge Financial Services Group Inc. increased its position in shares of Oracle by 5.8% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,927 shares of the enterprise software provider's stock worth $272,000 after purchasing an additional 105 shares during the period. Centaurus Financial Inc. raised its stake in Oracle by 47.0% in the second quarter. Centaurus Financial Inc. now owns 27,955 shares of the enterprise software provider's stock valued at $3,947,000 after purchasing an additional 8,939 shares in the last quarter. Mattson Financial Services LLC bought a new position in Oracle in the 2nd quarter valued at about $1,403,000. Finally, Trust Co. of Toledo NA OH lifted its holdings in shares of Oracle by 0.7% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 111,943 shares of the enterprise software provider's stock worth $19,075,000 after acquiring an additional 733 shares during the period. Institutional investors and hedge funds 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.