Oracle Corporation (NYSE:ORCL) Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $50.30, for a total transaction of $188,625.00. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at $911,687.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Hector Garcia-Molina also recently made the following trade(s):
- On Thursday, June 15th, Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock. The stock was sold at an average price of $44.57, for a total transaction of $167,137.50.
- On Monday, May 15th, Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock. The stock was sold at an average price of $45.25, for a total transaction of $169,687.50.
Oracle Corporation (ORCL) traded up 0.02% during midday trading on Tuesday, hitting $50.45. The stock had a trading volume of 14,081,047 shares. The company has a market cap of $208.70 billion, a price-to-earnings ratio of 22.83 and a beta of 1.06. The company has a 50-day moving average price of $46.11 and a 200-day moving average price of $43.14. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $10.45 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Oracle Corporation will post $2.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. Oracle Corporation’s dividend payout ratio is currently 34.55%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Weitz Investment Management Inc. raised its position in Oracle Corporation by 20.8% in the fourth quarter. Weitz Investment Management Inc. now owns 1,266,528 shares of the enterprise software provider’s stock worth $48,698,000 after buying an additional 218,240 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Oracle Corporation by 6.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,034,354 shares of the enterprise software provider’s stock worth $39,771,000 after buying an additional 61,633 shares in the last quarter. Vulcan Value Partners LLC raised its position in Oracle Corporation by 1.3% in the fourth quarter. Vulcan Value Partners LLC now owns 22,633,884 shares of the enterprise software provider’s stock worth $870,273,000 after buying an additional 299,598 shares in the last quarter. Tyers Asset Management LLC bought a new position in Oracle Corporation during the fourth quarter worth about $31,565,000. Finally, Parallel Advisors LLC bought a new position in Oracle Corporation during the fourth quarter worth about $1,469,000. Institutional investors and hedge funds own 58.54% of the company’s stock.
ORCL has been the subject of a number of recent analyst reports. Benchmark Co. initiated coverage on shares of Oracle Corporation in a research note on Thursday, April 27th. They issued a “buy” rating and a $55.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Tuesday, May 16th. Vetr upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Thursday, May 11th. Finally, Rosenblatt Securities lifted their target price on shares of Oracle Corporation from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, April 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.52.
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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