Oracle (ORCL) Receiving Somewhat Positive Media Coverage, Study Shows
Media coverage about Oracle (NYSE:ORCL) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Oracle earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the enterprise software provider an impact score of 45.7720460078587 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
- Oracle Buys Aconex (finance.yahoo.com)
- Aconex receives $1.19 billion takeover offer from Oracle Corp (finance.yahoo.com)
- Oracle Corp. Shares Sell Off On Earnings Beat (investing.com)
- Zacks: Brokerages Anticipate Oracle Corporation (ORCL) Will Post Quarterly Sales of $9.67 Billion (americanbankingnews.com)
- Stocks making the biggest moves premarket: ORCL, HES, ADBE, COST, TMUS, FIT & more – CNBC (cnbc.com)
Shares of Oracle (NYSE ORCL) traded down $1.89 during trading hours on Friday, reaching $48.30. The company’s stock had a trading volume of 75,176,011 shares, compared to its average volume of 14,205,022. The company has a market cap of $201,579.36, a P/E ratio of 18.44, a PEG ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle has a 52-week low of $38.30 and a 52-week high of $53.14.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a return on equity of 20.72% and a net margin of 25.48%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. sell-side analysts forecast that Oracle will post 2.68 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. Oracle’s payout ratio is 32.62%.
Oracle declared that its board has authorized a stock repurchase program on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several equities research analysts recently issued reports on ORCL shares. Credit Suisse Group started coverage on Oracle in a report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price target for the company. Zacks Investment Research downgraded Oracle from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Vetr downgraded Oracle from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a report on Sunday, September 3rd. ValuEngine upgraded Oracle from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS reiterated a “neutral” rating and set a $55.00 price target (down previously from $57.00) on shares of Oracle in a report on Thursday, November 9th. Fourteen investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and an average target price of $55.32.
In other news, Director George H. Conrades sold 11,250 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $48.10, for a total transaction of $541,125.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $481,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The disclosure for this sale can be found here. Insiders have sold a total of 302,026 shares of company stock valued at $14,633,187 in the last quarter. 29.00% of the stock is owned by corporate insiders.
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Oracle 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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