George H. Conrades Sells 20,000 Shares of Oracle Co. (NYSE:ORCL) Stock

Oracle Co. (NYSE:ORCL) Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at $2,068,976. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Oracle Stock Down 0.5 %

ORCL opened at $117.39 on Thursday. The firm has a 50 day moving average price of $120.19 and a 200 day moving average price of $113.57. The company has a market cap of $322.65 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Oracle Co. has a 1 year low of $96.10 and a 1 year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter last year, the company earned $0.96 earnings per share. Oracle’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Hedge Funds Weigh In On Oracle

Several institutional investors and hedge funds have recently made changes to their positions in ORCL. Orion Capital Management LLC purchased a new position in shares of Oracle during the 3rd quarter valued at approximately $25,000. Westend Capital Management LLC purchased a new position in shares of Oracle during the 1st quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle during the 3rd quarter valued at approximately $27,000. Finally, Tidemark LLC bought a new position in Oracle during the fourth quarter worth $29,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. Oppenheimer initiated coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. BMO Capital Markets upped their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, KeyCorp initiated coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.76.

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.