Insider Selling: Oracle Co. (ORCL) Director Sells 3,750 Shares of Stock
Oracle Co. (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $945,943.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Hector Garcia-Molina also recently made the following trade(s):
- On Thursday, February 15th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $49.66, for a total transaction of $186,225.00.
- On Tuesday, January 16th, Hector Garcia-Molina sold 3,750 shares of Oracle stock. The stock was sold at an average price of $49.72, for a total transaction of $186,450.00.
Oracle stock opened at $47.02 on Thursday. Oracle Co. has a one year low of $43.60 and a one year high of $53.48. The stock has a market cap of $194,768.27, a price-to-earnings ratio of 57.34, a PEG ratio of 1.80 and a beta of 1.05. The company has a quick ratio of 5.04, a current ratio of 4.33 and a debt-to-equity ratio of 1.16.
Oracle declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.62%. Oracle’s dividend payout ratio is 92.68%.
Several research firms recently issued reports on ORCL. Morgan Stanley reaffirmed a “buy” rating on shares of Oracle in a report on Sunday. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 15th. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. TheStreet downgraded shares of Oracle from a “b+” rating to a “c+” rating in a report on Monday. Finally, Instinet began coverage on shares of Oracle in a report on Wednesday, January 24th. They set a “buy” rating and a $51.12 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $56.17.
Hedge funds have recently made changes to their positions in the company. Beach Investment Management LLC. acquired a new stake in shares of Oracle during the 2nd quarter worth about $336,000. Commerce Bank increased its position in shares of Oracle by 20.2% during the 2nd quarter. Commerce Bank now owns 1,000,336 shares of the enterprise software provider’s stock worth $50,157,000 after purchasing an additional 168,112 shares in the last quarter. ARGA Investment Management LP increased its position in shares of Oracle by 61.0% during the 2nd quarter. ARGA Investment Management LP now owns 54,100 shares of the enterprise software provider’s stock worth $2,713,000 after purchasing an additional 20,500 shares in the last quarter. Marble Harbor Investment Counsel LLC acquired a new stake in shares of Oracle during the 2nd quarter worth about $205,000. Finally, Covington Investment Advisors Inc. increased its position in shares of Oracle by 2.4% during the 2nd quarter. Covington Investment Advisors Inc. now owns 97,245 shares of the enterprise software provider’s stock worth $4,876,000 after purchasing an additional 2,235 shares in the last quarter. Institutional investors own 57.93% of the company’s stock.
Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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