Jeffrey Henley Sells 400,000 Shares of Oracle Co. (NYSE:ORCL) Stock

Oracle Co. (NYSE:ORCL) Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares of the company’s stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Oracle Stock Performance

Oracle stock opened at $215.54 on Friday. The stock’s 50 day simple moving average is $152.88 and its two-hundred day simple moving average is $160.62. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $216.60.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho reduced their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Wall Street Zen cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Morgan Stanley reiterated a “positive” rating on shares of Oracle in a report on Monday. Stifel Nicolaus lifted their price objective on shares of Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a report on Thursday. Finally, UBS Group raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday. Twelve investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $194.32.

Institutional Trading of Oracle

A number of hedge funds have recently made changes to their positions in ORCL. McClarren Financial Advisors Inc. lifted its position in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 1,069 shares in the last quarter. Rockland Trust Co. lifted its position in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after acquiring an additional 467 shares in the last quarter. Cornerstone Advisory LLC lifted its position in Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after acquiring an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. bought a new position in Oracle in the 4th quarter valued at approximately $211,000. Finally, AFT Forsyth & Company Inc. lifted its position in Oracle by 32.7% in the 4th quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider’s stock valued at $1,123,000 after acquiring an additional 1,659 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

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.