Oracle Corporation (NYSE:ORCL – Get Free Report) EVP Maria Smith sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the completion of the transaction, the executive vice president owned 47,083 shares of the company’s stock, valued at $13,212,431.46. The trade was a 9.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Maria Smith also recently made the following trade(s):
- On Tuesday, October 21st, Maria Smith sold 5,000 shares of Oracle stock. The shares were sold at an average price of $280.00, for a total transaction of $1,400,000.00.
Oracle Price Performance
Shares of NYSE:ORCL opened at $283.45 on Friday. The firm has a 50 day moving average of $274.59 and a 200-day moving average of $220.37. The stock has a market capitalization of $808.05 billion, a PE ratio of 65.61, a PEG ratio of 3.01 and a beta of 1.53. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.
Oracle Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, October 9th. Oracle’s dividend payout ratio is currently 46.30%.
Institutional Investors Weigh In On Oracle
A number of institutional investors have recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at $27,000. Winnow Wealth LLC bought a new stake in shares of Oracle in the 2nd quarter valued at $28,000. Iron Horse Wealth Management LLC boosted its stake in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Kilter Group LLC bought a new stake in shares of Oracle in the 2nd quarter valued at $30,000. Finally, Darwin Wealth Management LLC boosted its stake in shares of Oracle by 130.0% in the 3rd quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after purchasing an additional 65 shares during the last quarter. 42.44% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Redburn Partners set a $175.00 price objective on shares of Oracle in a research report on Thursday, September 25th. Guggenheim upped their price objective on shares of Oracle from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Stifel Nicolaus upped their price objective on shares of Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. TD Cowen upped their price objective on shares of Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, Rothschild Redb upgraded shares of Oracle to a “strong sell” rating in a research report on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $323.69.
View Our Latest Stock 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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