Traders Sell Shares of Oracle (ORCL) on Strength (ORCL)
Investors sold shares of Oracle Corporation (NYSE:ORCL) on strength during trading on Friday. $80.92 million flowed into the stock on the tick-up and $138.71 million flowed out of the stock on the tick-down, for a money net flow of $57.79 million out of the stock. Of all companies tracked, Oracle had the 0th highest net out-flow for the day. Oracle traded up $1.08 for the day and closed at $49.60
A number of equities analysts have issued reports on the stock. Jefferies Group raised their price target on shares of Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, September 15th. Credit Suisse Group assumed coverage on shares of Oracle in a research report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price target for the company. Vetr raised shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price target for the company in a research report on Monday, November 13th. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, BidaskClub raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Twelve equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $55.04.
The stock has a market capitalization of $207,004.89, a P/E ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86.
In other Oracle news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock worth $14,821,999 in the last three months. 29.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Oracle by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after acquiring an additional 5,270,359 shares during the period. BlackRock Inc. raised its holdings in shares of Oracle by 2.5% during the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after acquiring an additional 4,678,977 shares during the period. State Street Corp raised its holdings in shares of Oracle by 1.0% during the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock worth $5,495,769,000 after acquiring an additional 1,187,802 shares during the period. Harris Associates L P raised its holdings in shares of Oracle by 17.9% during the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after acquiring an additional 7,427,501 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Oracle by 4.6% during the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after acquiring an additional 1,835,835 shares during the period. Institutional investors own 57.70% of the company’s stock.
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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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