Investors Sell Shares of Oracle (ORCL) on Strength on Insider Selling
Traders sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Monday after an insider sold shares in the company. $131.93 million flowed into the stock on the tick-up and $248.72 million flowed out of the stock on the tick-down, for a money net flow of $116.79 million out of the stock. Of all companies tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $0.52 for the day and closed at $53.46Specifically, EVP Dorian Daley sold 25,000 shares of the stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $45.00, for a total value of $1,125,000.00. Following the transaction, the executive vice president now directly owns 102,919 shares of the company’s stock, valued at $4,631,355. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $48.20, for a total value of $180,750.00. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at $1,348,105.80. The disclosure for this sale can be found here. Insiders sold 42,552 shares of company stock worth $1,964,686 over the last three months. Corporate insiders own 32.00% of the company’s stock.
A number of brokerages have recently weighed in on ORCL. DZ Bank reissued a “sell” rating on shares of Oracle in a report on Tuesday. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group reissued a “buy” rating and issued a $60.00 price objective on shares of Oracle in a report on Monday. Raymond James increased their price objective on Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Finally, Royal Bank of Canada raised their target price on Oracle to $57.00 and gave the stock a “sector perform” rating in a report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.77.
The stock has a market capitalization of $219.15 billion, a PE ratio of 19.16, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.80.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio (DPR) is 26.95%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LLBH Private Wealth Management LLC purchased a new position in Oracle during the third quarter worth approximately $209,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Oracle by 22.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 247,685 shares of the enterprise software provider’s stock worth $12,771,000 after buying an additional 45,840 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in Oracle by 5.4% during the third quarter. Chartwell Investment Partners LLC now owns 318,106 shares of the enterprise software provider’s stock worth $16,401,000 after buying an additional 16,180 shares in the last quarter. Norinchukin Bank The lifted its position in Oracle by 4.0% during the third quarter. Norinchukin Bank The now owns 508,249 shares of the enterprise software provider’s stock worth $26,205,000 after buying an additional 19,763 shares in the last quarter. Finally, High Pointe Capital Management LLC purchased a new position in Oracle during the third quarter worth approximately $1,377,000. Institutional investors and hedge funds own 46.74% of the company’s stock.
Oracle Company Profile (NYSE:ORCL)
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
See Also: Analyst Ratings Trading
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.