Oracle Corporation (NYSE:ORCL) EVP Dorian Daley sold 23,297 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 54,274 shares of the company’s stock, valued at $2,659,426. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Dorian Daley also recently made the following trade(s):

  • On Thursday, September 21st, Dorian Daley sold 25,776 shares of Oracle Corporation stock. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80.

Shares of Oracle Corporation (NYSE ORCL) opened at 48.69 on Wednesday. The firm has a market cap of $203.19 billion, a P/E ratio of 21.18 and a beta of 1.05. The firm has a 50 day moving average price of $49.53 and a 200 day moving average price of $47.47. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $53.14.

Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts anticipate that Oracle Corporation will post $2.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.

COPYRIGHT VIOLATION WARNING: “Oracle Corporation (ORCL) EVP Dorian Daley Sells 23,297 Shares” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.watchlistnews.com/oracle-corporation-orcl-evp-dorian-daley-sells-23297-shares/1607145.html.

Several brokerages recently issued reports on ORCL. Wedbush restated an “outperform” rating and set a $58.00 price target on shares of Oracle Corporation in a research note on Friday, September 15th. UBS AG reiterated a “buy” rating and issued a $57.00 price objective (up previously from $52.00) on shares of Oracle Corporation in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price objective on Oracle Corporation and gave the stock a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Jefferies Group LLC lifted their price objective on Oracle Corporation from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have assigned a buy rating to the stock. Oracle Corporation has an average rating of “Buy” and a consensus target price of $53.33.

Several large investors have recently added to or reduced their stakes in ORCL. Acrospire Investment Management LLC boosted its stake in Oracle Corporation by 947.4% during the second 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 in the last quarter. Burt Wealth Advisors grew its holdings in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the period. IHT Wealth Management LLC grew its holdings in Oracle Corporation by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after purchasing an additional 947 shares during the period. Baystate Wealth Management LLC grew its holdings in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 58.66% of the company’s stock.

About Oracle Corporation

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.

Insider Buying and Selling by Quarter for Oracle Corporation (NYSE:ORCL)

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.