Oracle (NYSE:ORCL) Stock Price Down 4.8% on Insider Selling

Oracle Co. (NYSE:ORCL - Get Free Report) dropped 4.8% on Friday following insider selling activity. The stock traded as low as $126.95 and last traded at $130.59. Approximately 4,378,480 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 9,049,779 shares. The stock had previously closed at $137.23.

Specifically, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated 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. This represents a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Citigroup reduced their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. BNP Paribas upgraded Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Morgan Stanley lowered their price target on Oracle from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 11th. Bank of America reduced their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, DA Davidson reiterated a "neutral" rating and issued a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus target price of $178.65.

Remove Ads

Oracle Stock Down 6.6 %

The firm has a market capitalization of $358.48 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business's 50 day moving average is $160.05 and its 200-day moving average is $169.34.

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

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. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Hedge Funds Weigh In On Oracle

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Exeter Financial LLC increased its holdings in shares of Oracle by 0.7% during the 1st quarter. Exeter Financial LLC now owns 29,511 shares of the enterprise software provider's stock worth $4,126,000 after purchasing an additional 191 shares during the period. Quent Capital LLC increased its stake in Oracle by 0.8% during the first quarter. Quent Capital LLC now owns 13,694 shares of the enterprise software provider's stock valued at $1,915,000 after acquiring an additional 105 shares during the period. Agate Pass Investment Management LLC raised its holdings in Oracle by 6.6% in the 1st quarter. Agate Pass Investment Management LLC now owns 23,452 shares of the enterprise software provider's stock valued at $3,279,000 after acquiring an additional 1,455 shares in the last quarter. Legacy Private Trust Co. lifted its position in shares of Oracle by 31.5% in the 1st quarter. Legacy Private Trust Co. now owns 2,193 shares of the enterprise software provider's stock worth $307,000 after acquiring an additional 525 shares during the period. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Oracle by 30.6% during the 1st quarter. Central Pacific Bank Trust Division now owns 30,025 shares of the enterprise software provider's stock worth $4,198,000 after purchasing an additional 7,029 shares in the last quarter. 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.