Oracle Co. (ORCL) EVP Dorian Daley Sells 100,000 Shares
Oracle Co. (NYSE:ORCL) EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the completion of the transaction, the executive vice president now owns 37,576 shares of the company’s stock, valued at $1,953,952. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Dorian Daley also recently made the following trade(s):
- On Thursday, December 21st, Dorian Daley sold 100,000 shares of Oracle stock. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00.
Shares of Oracle Co. (NYSE:ORCL) opened at $52.75 on Friday. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Co. has a 1-year low of $39.67 and a 1-year high of $53.14. The firm has a market capitalization of $220,150.00, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.96 and a beta of 1.05.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. Oracle’s dividend payout ratio is presently 32.62%.
Oracle announced that its Board of Directors has approved a stock buyback plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
ORCL has been the subject of several analyst reports. Instinet initiated coverage on Oracle in a research report on Wednesday. They set a “buy” rating and a $51.12 target price for the company. Vetr raised Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price for the company in a research report on Thursday, November 2nd. Nomura initiated coverage on Oracle in a research report on Tuesday. They set a “buy” rating and a $64.00 target price for the company. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Royal Bank of Canada set a $51.00 target price on Oracle and gave the stock a “neutral” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.39.
Several institutional investors and hedge funds have recently modified their holdings of ORCL. BT Investment Management Ltd acquired a new stake in shares of Oracle in the 2nd quarter valued at about $459,738,000. Harris Associates L P grew its stake in shares of Oracle by 17.9% in the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after buying an additional 7,427,501 shares during the period. FMR LLC grew its stake in shares of Oracle by 24.8% in the 2nd quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after buying an additional 6,577,297 shares during the period. Vanguard Group Inc. grew its stake in shares of Oracle by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after buying an additional 5,270,359 shares during the period. Finally, Boston Partners grew its stake in shares of Oracle by 24.4% in the 3rd quarter. Boston Partners now owns 23,924,971 shares of the enterprise software provider’s stock valued at $1,156,772,000 after buying an additional 4,699,334 shares during the period. Institutional investors own 57.98% of the company’s stock.
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Oracle 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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