Oracle Co. (NYSE:ORCL) CAO W Corey West Sells 50,000 Shares

Oracle Co. (NYSE:ORCL) CAO W Corey West sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now owns 85,348 shares of the company’s stock, valued at $4,800,825. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

W Corey West also recently made the following trade(s):

  • On Monday, July 1st, W Corey West sold 100,000 shares of Oracle stock. The shares were sold at an average price of $58.00, for a total value of $5,800,000.00.

Shares of ORCL stock traded up $0.13 on Thursday, hitting $58.12. The stock had a trading volume of 11,882,255 shares, compared to its average volume of 14,415,240. The firm has a 50 day moving average of $55.72. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $60.50. The firm has a market capitalization of $193.58 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.71 and a beta of 1.15.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.18. The company had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. Oracle’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. Equities analysts forecast that Oracle Co. will post 3.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.65%. Oracle’s dividend payout ratio (DPR) is presently 30.38%.

ORCL has been the topic of a number of recent research reports. Raymond James set a C$19.50 price target on Heroux Devtek and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Wedbush initiated coverage on Chewy in a research report on Thursday, June 20th. They set a “neutral” rating on the stock. Barclays reaffirmed a “hold” rating and set a $14.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, June 20th. Jefferies Financial Group raised their price objective on Oracle from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Finally, Exane BNP Paribas began coverage on Workday in a report on Friday, March 29th. They issued an “underperform” rating for the company. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.58.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedgewood Investors Inc. PA increased its stake in Oracle by 4.1% in the 1st quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock valued at $250,000 after purchasing an additional 185 shares in the last quarter. Landmark Financial Advisors LLC increased its stake in Oracle by 2.1% in the 4th quarter. Landmark Financial Advisors LLC now owns 9,613 shares of the enterprise software provider’s stock valued at $434,000 after purchasing an additional 200 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Oracle by 2.6% during the 1st quarter. Park Avenue Securities LLC now owns 8,064 shares of the enterprise software provider’s stock valued at $440,000 after buying an additional 202 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in Oracle by 2.1% during the 1st quarter. Joel Isaacson & Co. LLC now owns 10,158 shares of the enterprise software provider’s stock valued at $546,000 after buying an additional 205 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in Oracle by 9.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 2,512 shares of the enterprise software provider’s stock valued at $135,000 after buying an additional 207 shares during the last quarter. 54.30% of the stock is owned by hedge funds and other institutional investors.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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