Oracle Corporation (NYSE:ORCL – Get Free Report) EVP Maria Smith sold 5,000 shares of Oracle stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $280.00, for a total transaction of $1,400,000.00. Following the sale, the executive vice president owned 52,083 shares of the company’s stock, valued at approximately $14,583,240. This represents a 8.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Maria Smith also recently made the following trade(s):
- On Thursday, October 23rd, Maria Smith sold 5,000 shares of Oracle stock. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00.
Oracle Price Performance
Shares of ORCL stock opened at $280.09 on Friday. The firm’s 50 day moving average price is $273.89 and its two-hundred day moving average price is $219.28. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market cap of $798.46 billion, a PE ratio of 64.83, a PEG ratio of 2.93 and a beta of 1.53.
Oracle Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s dividend payout ratio is presently 46.30%.
Hedge Funds Weigh In On Oracle
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kampmann Melissa S. grew its holdings in shares of Oracle by 0.3% during the third quarter. Kampmann Melissa S. now owns 11,910 shares of the enterprise software provider’s stock worth $3,350,000 after buying an additional 35 shares in the last quarter. McLean Asset Management Corp boosted its position in Oracle by 0.7% during the 3rd quarter. McLean Asset Management Corp now owns 5,319 shares of the enterprise software provider’s stock worth $1,551,000 after acquiring an additional 36 shares during the last quarter. Voisard Asset Management Group Inc. grew its stake in shares of Oracle by 3.4% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 1,127 shares of the enterprise software provider’s stock worth $317,000 after acquiring an additional 37 shares in the last quarter. Warren Street Wealth Advisors LLC raised its holdings in shares of Oracle by 0.7% in the third quarter. Warren Street Wealth Advisors LLC now owns 5,700 shares of the enterprise software provider’s stock valued at $1,603,000 after purchasing an additional 38 shares during the last quarter. Finally, Snider Financial Group raised its holdings in shares of Oracle by 1.3% in the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after purchasing an additional 40 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. JMP Securities restated a “market outperform” rating and set a $342.00 target price on shares of Oracle in a research report on Friday, October 17th. Cantor Fitzgerald upped their target price on shares of Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. BMO Capital Markets set a $355.00 price target on shares of Oracle and gave the stock an “outperform” rating in a research report on Monday, October 13th. Stephens boosted their price target on shares of Oracle from $208.00 to $331.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Finally, Barclays lifted their target price on Oracle from $367.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.69.
Check Out Our Latest Report on Oracle
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.
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