Oracle Co. (NYSE:ORCL) Director Naomi O. Seligman Sells 2,000 Shares

Oracle Co. (NYSE:ORCL) Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Oracle Stock Performance

Shares of NYSE ORCL opened at $128.17 on Friday. The stock has a market cap of $358.48 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a fifty day moving average price of $160.05 and a 200-day moving average price of $169.33. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Institutional Investors Weigh In On Oracle

Several large investors have recently bought and sold shares of the business. Howard Capital Management Group LLC grew its position in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after acquiring an additional 883 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the last quarter. United Bank raised its holdings in Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after buying an additional 519 shares during the period. Morse Asset Management Inc bought a new stake in Oracle in the third quarter worth $2,590,000. Finally, Royal London Asset Management Ltd. increased its position in Oracle by 4.8% during the third quarter. Royal London Asset Management Ltd. now owns 689,476 shares of the enterprise software provider’s stock valued at $117,487,000 after acquiring an additional 31,890 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. Morgan Stanley dropped their target price on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Piper Sandler dropped their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Jefferies Financial Group reduced their target price on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Cantor Fitzgerald cut their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.65.

About Oracle

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.