Oracle Corporation (ORCL) Getting Somewhat Positive News Coverage, Study Shows
News stories about Oracle Corporation (NYSE:ORCL) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oracle Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the enterprise software provider an impact score of 45.796451870331 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Active Runner in Focus – Oracle Corp (ORCL) – Evergreen Caller (evergreencaller.com)
- Oracle Corporation (ORCL) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Zacks: Analysts Expect Oracle Corporation (NYSE:ORCL) Will Announce Quarterly Sales of $9.02 Billion (americanbankingnews.com)
- Should You Listen to Analyst Recommendation?: Oracle Corporation (ORCL) – Voice Of Analysts (analystsbuzz.com)
- Oracle Corporation (ORCL) Holdings Increased by Sumitomo Mitsui Trust Holdings, Inc. – Modern Readers (modernreaders.com)
Oracle Corporation (NYSE:ORCL) traded down 0.08% during mid-day trading on Wednesday, hitting $49.06. The stock had a trading volume of 15,872,408 shares. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85. The firm has a market cap of $202.95 billion, a P/E ratio of 22.20 and a beta of 1.06. The stock has a 50 day moving average of $49.35 and a 200-day moving average of $44.95.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. During the same period last year, the company earned $0.81 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts predict that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. Oracle Corporation’s dividend payout ratio is currently 34.55%.
Several equities analysts have recently weighed in on the company. KeyCorp reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 18th. MKM Partners reaffirmed a “neutral” rating and issued a $48.00 price objective (up from $45.00) on shares of Oracle Corporation in a research note on Friday, June 23rd. Cowen and Company reaffirmed an “outperform” rating and issued a $55.00 price objective (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. Bank of America Corporation reaffirmed a “buy” rating and issued a $62.00 price objective (up from $54.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. Finally, Deutsche Bank AG lifted their price objective on Oracle Corporation from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the company’s stock. Oracle Corporation has a consensus rating of “Buy” and an average price target of $50.70.
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In related news, Director Bruce R. Chizen sold 206,250 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the sale, the director now owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the sale, the insider now directly owns 783,533 shares in the company, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock worth $91,547,388 over the last 90 days. 29.00% of the stock is owned by corporate insiders.
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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