Insider Selling: Oracle Corporation (ORCL) EVP Sells $3,758,447.00 in Stock

Oracle Corporation (NYSE:ORCL) EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dorian Daley also recently made the following trade(s):

  • On Monday, October 2nd, Dorian Daley sold 23,297 shares of Oracle Corporation stock. The shares were sold at an average price of $49.00, for a total value of $1,141,553.00.
  • On Thursday, September 21st, Dorian Daley sold 25,776 shares of Oracle Corporation stock. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80.

Shares of Oracle Corporation (NYSE ORCL) opened at 48.40 on Monday. The firm has a market cap of $201.98 billion, a P/E ratio of 21.05 and a beta of 1.05. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $53.14. The firm has a 50 day moving average price of $49.52 and a 200 day moving average price of $47.52.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Analysts anticipate that Oracle Corporation will post $2.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.57%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

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Several research firms recently weighed in on ORCL. UBS AG reissued a “buy” rating and set a $57.00 price target (up from $52.00) on shares of Oracle Corporation in a research report on Friday, September 15th. Barclays PLC upped their price target on Oracle Corporation from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price target on Oracle Corporation and gave the company a “buy” rating in a research report on Friday, September 15th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Oracle Corporation in a research report on Friday, September 15th. Finally, Jefferies Group LLC upped their price target on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. Oracle Corporation has an average rating of “Buy” and a consensus price target of $53.37.

Several hedge funds have recently added to or reduced their stakes in ORCL. Macquarie Group Ltd. boosted its position in shares of Oracle Corporation by 6,353.4% during the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after purchasing an additional 18,351,920 shares in the last quarter. BT Investment Management Ltd bought a new position in shares of Oracle Corporation during the 2nd quarter worth about $459,738,000. Harris Associates L P boosted its position in shares of Oracle Corporation by 17.9% during the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after purchasing an additional 7,427,501 shares in the last quarter. FMR LLC boosted its position in shares of Oracle Corporation by 24.8% during the 2nd quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock worth $1,658,750,000 after purchasing an additional 6,577,297 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Oracle Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after purchasing an additional 5,270,359 shares in the last quarter. 57.83% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Oracle Corporation (NYSE:ORCL)

Insider Buying and Selling by Quarter for Oracle Corporation (NYSE:ORCL)

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