Oracle Co. (NYSE:ORCL) Sees Significant Drop in Short Interest
Oracle Co. (NYSE:ORCL) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 53,259,100 shares, a drop of 5.9% from the July 31st total of 56,608,300 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 14,290,000 shares, the days-to-cover ratio is presently 3.7 days.
In other news, Director Naomi O. Seligman sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $59.52, for a total value of $5,356,800.00. Following the completion of the transaction, the director now owns 82,310 shares in the company, valued at approximately $4,899,091.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total value of $40,792,500.00. Following the completion of the transaction, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at approximately $53,807,509. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,140,000 shares of company stock valued at $117,501,425. 32.00% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. Evolution Wealth Advisors LLC boosted its stake in shares of Oracle by 346.0% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after buying an additional 346 shares during the last quarter. Investors Research Corp purchased a new position in shares of Oracle in the 1st quarter worth $30,000. Covenant Multifamily Offices LLC purchased a new position in shares of Oracle in the 1st quarter worth $35,000. Next Capital Management LLC purchased a new position in shares of Oracle in the 2nd quarter worth $36,000. Finally, Shamrock Asset Management LLC boosted its stake in shares of Oracle by 577.0% in the 2nd quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 577 shares during the last quarter. 53.05% of the stock is owned by institutional investors and hedge funds.
Shares of Oracle stock traded down $0.14 on Friday, reaching $53.75. The company’s stock had a trading volume of 14,399,249 shares, compared to its average volume of 10,161,714. The company has a market capitalization of $187.77 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.64 and a beta of 1.18. The firm’s fifty day simple moving average is $54.06 and its two-hundred day simple moving average is $54.46. Oracle has a 52 week low of $42.40 and a 52 week high of $60.50. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31.
Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. The business had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. Oracle had a return on equity of 45.61% and a net margin of 27.71%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. As a group, research analysts predict that Oracle will post 3.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, October 9th. Oracle’s payout ratio is 30.38%.
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.
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