Oracle Corporation (ORCL) Sees Significant Growth in Short Interest

Oracle Corporation (NYSE:ORCL) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 29,364,653 shares, a growth of 14.7% from the October 13th total of 25,600,264 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 14,130,873 shares, the days-to-cover ratio is currently 2.1 days.

Shares of Oracle Corporation (ORCL) opened at $48.94 on Friday. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14. The firm has a market cap of $205,340.00, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. Oracle Corporation’s quarterly revenue was up 7.0% on a year-over-year basis. analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.55%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.

In related news, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 25,776 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the completion of the transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at $1,488,444.85. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,821,999 over the last 90 days. Company insiders own 29.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in Oracle Corporation by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock worth $509,383,000 after buying an additional 450,836 shares during the period. Partnervest Advisory Services LLC boosted its stake in Oracle Corporation by 0.6% during the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after buying an additional 39 shares during the period. Lockheed Martin Investment Management Co. boosted its stake in Oracle Corporation by 125.6% during the second quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock worth $8,331,000 after buying an additional 92,500 shares during the period. Pinnacle Financial Partners Inc. boosted its stake in Oracle Corporation by 8.9% during the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock worth $5,701,000 after buying an additional 9,328 shares during the period. Finally, Boston Partners boosted its stake in Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares during the period. 58.05% of the stock is owned by institutional investors.

Several research analysts recently issued reports on ORCL shares. Vetr lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a research note on Sunday, September 3rd. Zacks Investment Research lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price target on shares of Oracle Corporation in a research note on Sunday, August 27th. Finally, BidaskClub upgraded shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Eleven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $54.95.

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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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