Oracle (NYSE:ORCL) Shares Down 0.3% After Insider Selling

Oracle Co. (NYSE:ORCL)’s stock price traded down 0.3% on Monday following insider selling activity. The company traded as low as $139.51 and last traded at $141.07. 1,345,299 shares changed hands during trading, a decline of 84% from the average session volume of 8,545,344 shares. The stock had previously closed at $141.50.

Specifically, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 348,418 shares of company stock valued at $47,784,717. 42.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on ORCL shares. TD Cowen upped their target price on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Bank of America upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. BMO Capital Markets increased their target price on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. Evercore ISI increased their target price on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, UBS Group increased their price objective on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.79.

Oracle Price Performance

The company’s 50-day simple moving average is $123.47 and its 200-day simple moving average is $117.30. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85. The stock has a market capitalization of $384.38 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 2.59 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the business posted $1.35 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ORCL. Federated Hermes Inc. increased its stake in Oracle by 39.8% in the third quarter. Federated Hermes Inc. now owns 46,305 shares of the enterprise software provider’s stock valued at $4,905,000 after acquiring an additional 13,183 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Oracle by 22.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 7,841 shares of the enterprise software provider’s stock worth $831,000 after purchasing an additional 1,428 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of Oracle by 2.7% during the third quarter. Eagle Asset Management Inc. now owns 57,492 shares of the enterprise software provider’s stock worth $6,090,000 after purchasing an additional 1,489 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Oracle by 39.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,991 shares of the enterprise software provider’s stock worth $846,000 after purchasing an additional 2,276 shares during the period. Finally, Mather Group LLC. lifted its holdings in shares of Oracle by 4.1% during the third quarter. Mather Group LLC. now owns 23,526 shares of the enterprise software provider’s stock worth $2,492,000 after purchasing an additional 930 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.