Oracle Corporation Plans Quarterly Dividend of $0.50 (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL) declared a quarterly dividend on Tuesday, September 9th, RTT News reports. Shareholders of record on Thursday, October 9th will be given a dividend of 0.50 per share by the enterprise software provider on Thursday, October 23rd. This represents a c) annualized dividend and a yield of 0.8%.

Oracle has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oracle to earn $5.61 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.7%.

Oracle Trading Up 1.3%

Oracle stock opened at $241.67 on Wednesday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle has a one year low of $118.86 and a one year high of $260.87. The company’s fifty day moving average price is $240.23 and its two-hundred day moving average price is $187.60. The company has a market capitalization of $678.81 billion, a price-to-earnings ratio of 55.68, a PEG ratio of 3.56 and a beta of 1.46.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Oracle will post 5 earnings per share for the current fiscal year.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by company insiders.

Institutional Trading of Oracle

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Oracle by 2.1% in the second quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock valued at $35,916,290,000 after purchasing an additional 3,353,461 shares in the last quarter. State Street Corp boosted its position in shares of Oracle by 1.7% during the second quarter. State Street Corp now owns 73,459,391 shares of the enterprise software provider’s stock worth $16,060,427,000 after purchasing an additional 1,252,723 shares in the last quarter. Northern Trust Corp boosted its position in shares of Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after purchasing an additional 120,889 shares in the last quarter. Norges Bank bought a new stake in Oracle in the 2nd quarter valued at $4,275,378,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Oracle by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock valued at $1,941,195,000 after acquiring an additional 59,164 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

About Oracle

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.