Oracle (NYSE:ORCL) Stock Price Down 0.9% on Insider Selling

Oracle Co. (NYSE:ORCLGet Free Report) fell 0.9% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $137.64 and last traded at $138.69. 1,698,225 shares changed hands during trading, a decline of 80% from the average session volume of 8,539,475 shares. The stock had previously closed at $139.89.

Specifically, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the sale, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders have sold 348,418 shares of company stock valued at $47,784,717 in the last three months. 42.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. KeyCorp upped their target price on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Stifel Nicolaus upped their target price on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. Mizuho upped their target price on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, BMO Capital Markets upped their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.79.

View Our Latest Stock Report on Oracle

Oracle Stock Performance

The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The business’s fifty day simple moving average is $123.47 and its 200-day simple moving average is $117.30. The firm has a market capitalization of $381.19 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Abich Financial Wealth Management LLC boosted its stake in Oracle by 18.0% during the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock worth $67,000 after buying an additional 81 shares during the period. Invst LLC boosted its stake in Oracle by 2.7% during the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after buying an additional 86 shares during the period. Nemes Rush Group LLC boosted its stake in Oracle by 1.2% during the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after buying an additional 86 shares during the period. Avidian Wealth Solutions LLC boosted its stake in Oracle by 1.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after buying an additional 90 shares during the period. Finally, Sovereign Financial Group Inc. boosted its stake in Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after buying an additional 90 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

About Oracle

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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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