Investors Sell Shares of Oracle (ORCL) on Strength (ORCL)
Traders sold shares of Oracle Co. (NYSE:ORCL) on strength during trading hours on Wednesday. $116.46 million flowed into the stock on the tick-up and $199.82 million flowed out of the stock on the tick-down, for a money net flow of $83.36 million out of the stock. Of all equities tracked, Oracle had the 7th highest net out-flow for the day. Oracle traded up $0.65 for the day and closed at $47.64
A number of equities analysts recently issued reports on ORCL shares. TheStreet lowered Oracle from a “b+” rating to a “c+” rating in a research note on Monday, March 19th. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, March 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $55.00 price target on shares of Oracle in a research report on Tuesday, March 20th. KeyCorp reaffirmed a “sector weight” rating on shares of Oracle in a research report on Tuesday, March 20th. Finally, Credit Suisse Group set a $60.00 price target on Oracle and gave the stock a “buy” rating in a research report on Monday, June 18th. Fifteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $55.87.
The company has a debt-to-equity ratio of 1.21, a current ratio of 3.96 and a quick ratio of 3.96. The firm has a market capitalization of $193.44 billion, a PE ratio of 16.89, a PEG ratio of 1.55 and a beta of 1.12.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, July 16th. Oracle’s payout ratio is 26.95%.
In related news, Director Jeffrey Berg sold 75,000 shares of Oracle stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $45.94, for a total value of $3,445,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas Kurian sold 979,402 shares of Oracle stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $45.40, for a total value of $44,464,850.80. Following the completion of the sale, the insider now owns 114,871 shares in the company, valued at $5,215,143.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,930,015 shares of company stock worth $133,917,530. 29.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Centaurus Financial Inc. purchased a new position in Oracle in the 1st quarter worth approximately $106,000. Rainier Group Investment Advisory LLC purchased a new position in Oracle in the 1st quarter worth approximately $106,000. Financial Gravity Wealth Inc. purchased a new position in Oracle in the 1st quarter worth approximately $130,000. Clearwater Capital Advisors LLC purchased a new position in Oracle in the 1st quarter worth approximately $134,000. Finally, Omnia Family Wealth LLC lifted its stake in Oracle by 439.6% in the 1st quarter. Omnia Family Wealth LLC now owns 3,076 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 2,506 shares in the last quarter. 56.25% of the stock is currently owned by institutional investors and hedge funds.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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