Oracle Corporation (NYSE:ORCL) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 31,828,899 shares, a decrease of 11.0% from the June 15th total of 35,782,747 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 24,651,705 shares, the days-to-cover ratio is currently 1.3 days.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total value of $167,137.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $807,831.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the insider now directly owns 783,533 shares in the company, valued at $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 $91,560,925 over the last ninety days. 29.00% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Hudock Capital Group LLC increased its stake in shares of Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock worth $178,000 after buying an additional 10 shares during the period. Keel Point LLC increased its stake in shares of Oracle Corporation by 0.3% in the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after buying an additional 14 shares during the period. Alpha Windward LLC increased its stake in shares of Oracle Corporation by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after buying an additional 19 shares during the period. Joel Isaacson & Co. LLC increased its stake in shares of Oracle Corporation by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after buying an additional 24 shares during the period. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Oracle Corporation by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 58.79% of the company’s stock.
A number of equities research analysts have issued reports on ORCL shares. UBS AG reiterated a “buy” rating and issued a $52.00 price target (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets increased their price target on Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Wedbush upgraded Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $56.00 to $44.00 in a research note on Thursday, June 22nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the stock. Oracle Corporation presently has an average rating of “Buy” and a consensus price target of $50.81.
Oracle Corporation (NYSE:ORCL) traded up 0.31% on Friday, reaching $48.70. 5,493,201 shares of the company were exchanged. The stock has a market capitalization of $201.46 billion, a price-to-earnings ratio of 22.04 and a beta of 1.06. The stock has a 50-day moving average price of $49.87 and a 200 day moving average price of $45.65. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85.
Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. Analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s payout ratio is currently 34.55%.
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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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