Oracle Co. (NYSE:ORCL) Director Leon E. Panetta Sells 15,000 Shares

Oracle Co. (NYSE:ORCL – Get Free Report) Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the Director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which can be accessed by following this hyperlink.

Oracle trades up 0.4%

Shares of ORCL opened at $138.56 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59. The company has a market cap of $381.85 billion, a PE ratio of 37.35, a price-to-earnings growth ratio of 2.50 and a beta of 1.02. The stock’s 50-day simple moving average is $133.18 and its 200-day simple moving average is $121.89.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly results on Tuesday, June 11. The business application provider reported $1.63 earnings per share (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 company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the year-ago quarter, the company earned $1.35 EPS. The company’s revenue increased 3.3% compared to the year-ago quarter. As a group, research analysts predict that Oracle Co. will post $5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will receive a dividend of $0.40. The ex-dividend date is Thursday, July 11th. This represents an annualized dividend of $1.60 and a dividend yield of 1.15%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street analysts weigh in

A number of analysts have issued reports on shares of ORCL. Mizuho increased their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Evercore ISI increased their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. increased their price target on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

View our latest analysis on ORCL

Institutional investors weigh Oracle

Several large investors have recently made changes to their holdings of ORCL. Westend Capital Management LLC acquired a new position in shares of Oracle during the first quarter worth approximately $25,000. Tidemark LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $29,000. Nordwand Advisors LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the second quarter worth approximately $35,000. 42.44% of the shares are currently held by institutional investors.

About Oracle

(Get free report)

Oracle Corporation offers products and services focused on enterprise information technology environments worldwide. Oracle’s cloud software as a service offerings include several 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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