Oracle Corporation (ORCL) Sees Large Drop in Short Interest

Oracle Corporation (NYSE:ORCL) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 30,903,023 shares, a decline of 7.1% from the August 15th total of 33,256,251 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 8,483,733 shares, the short-interest ratio is presently 3.6 days.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Monday, July 17th. The stock was sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $911,687.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the sale, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders sold 1,712,500 shares of company stock valued at $86,140,450 in the last ninety days. 29.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ORCL. Macquarie Group Ltd. raised its position in Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after purchasing an additional 18,351,920 shares during the period. BT Investment Management Ltd purchased a new stake in Oracle Corporation in the second quarter valued at approximately $459,738,000. Harris Associates L P raised its position in Oracle Corporation by 17.9% in the second 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 purchasing an additional 7,427,501 shares during the period. FMR LLC raised its position in Oracle Corporation by 24.8% in the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after purchasing an additional 6,577,297 shares during the period. Finally, Vanguard Group Inc. raised its position in Oracle Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after purchasing an additional 5,270,359 shares during the period. 58.64% of the stock is currently owned by institutional investors.

Oracle Corporation (NYSE:ORCL) opened at 48.16 on Friday. The company has a market cap of $200.97 billion, a PE ratio of 20.95 and a beta of 1.05. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The company has a 50-day moving average price of $49.85 and a 200 day moving average price of $47.11.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share. On average, equities research analysts forecast that Oracle Corporation will post $2.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.

ORCL has been the subject of several research analyst reports. OTR Global raised Oracle Corporation to a “positive” rating in a report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a $49.00 price objective on Oracle Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. Wedbush cut their price objective on Oracle Corporation from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Tuesday, June 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $54.00 price objective on shares of Oracle Corporation in a report on Tuesday, June 13th. Finally, BidaskClub lowered Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company’s stock. Oracle Corporation presently has an average rating of “Buy” and an average target price of $53.33.

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About Oracle Corporation

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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