Investors Buy Shares of Oracle Corporation (ORCL) on Weakness
Investors purchased shares of Oracle Corporation (NYSE:ORCL) on weakness during trading hours on Tuesday. $157.42 million flowed into the stock on the tick-up and $102.36 million flowed out of the stock on the tick-down, for a money net flow of $55.06 million into the stock. Of all equities tracked, Oracle Corporation had the 3rd highest net in-flow for the day. Oracle Corporation traded down ($0.39) for the day and closed at $48.63
A number of equities research analysts have recently weighed in on the stock. Vetr lowered shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective for the company. in a report on Tuesday, September 12th. Rosenblatt Securities restated a “buy” rating and issued a $58.00 price objective on shares of Oracle Corporation in a report on Monday, September 11th. Canaccord Genuity assumed coverage on shares of Oracle Corporation in a report on Friday, October 6th. They issued a “buy” rating and a $57.00 price objective for the company. BTIG Research restated a “buy” rating and issued a $58.00 price objective on shares of Oracle Corporation in a report on Tuesday, September 19th. Finally, Moffett Nathanson assumed coverage on shares of Oracle Corporation in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.85.
The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The firm has a market cap of $202,956.63, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. equities analysts expect that Oracle Corporation will post 2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.
In other Oracle Corporation news, EVP Dorian Daley sold 23,297 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $49.00, for a total transaction of $1,141,553.00. Following the sale, the executive vice president now owns 54,274 shares in the company, valued at approximately $2,659,426. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the sale, the director now owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC raised its stake in Oracle Corporation by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors raised its stake in Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the period. IHT Wealth Management LLC grew its holdings in Oracle Corporation by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after buying an additional 947 shares in the last quarter. Baystate Wealth Management LLC grew its holdings in Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 206 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in Oracle Corporation by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after buying an additional 2,436 shares in the last quarter. Institutional investors own 58.09% of the company’s stock.
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Oracle Corporation 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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