Oracle Co. (NYSE:ORCL) Short Interest Update

Oracle Co. (NYSE:ORCLGet Rating) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 15,440,000 shares, an increase of 17.3% from the June 30th total of 13,160,000 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 8,240,000 shares, the days-to-cover ratio is presently 1.9 days.

Insider Activity at Oracle

In related news, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now owns 2,492,613 shares of the company’s stock, valued at approximately $172,538,671.86. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 419,174 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,399,174 shares of company stock valued at $232,369,224. 39.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oracle

Institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its holdings in shares of Oracle by 23.0% in the first quarter. AE Wealth Management LLC now owns 119,115 shares of the enterprise software provider’s stock valued at $9,854,000 after purchasing an additional 22,272 shares during the last quarter. PM CAPITAL Ltd boosted its position in shares of Oracle by 11.2% in the first quarter. PM CAPITAL Ltd now owns 217,870 shares of the enterprise software provider’s stock valued at $18,024,000 after acquiring an additional 21,950 shares during the period. Autumn Glory Partners LLC bought a new stake in shares of Oracle in the fourth quarter valued at about $3,992,000. New England Research & Management Inc. boosted its position in shares of Oracle by 6.3% in the first quarter. New England Research & Management Inc. now owns 3,534 shares of the enterprise software provider’s stock valued at $292,000 after acquiring an additional 209 shares during the period. Finally, Ziegler Capital Management LLC boosted its position in shares of Oracle by 9.5% in the first quarter. Ziegler Capital Management LLC now owns 5,137 shares of the enterprise software provider’s stock valued at $425,000 after acquiring an additional 446 shares during the period. 42.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORCL. Credit Suisse Group set a $115.00 price objective on Oracle in a research report on Tuesday, June 14th. The Goldman Sachs Group restated a “sell” rating and issued a $75.00 target price on shares of Oracle in a research note on Monday, June 27th. UBS Group set a $75.00 price objective on Oracle in a research note on Tuesday, June 14th. Cowen dropped their price objective on Oracle from $107.00 to $98.00 and set an “outperform” rating for the company in a research note on Thursday, June 9th. Finally, Citigroup set a $81.00 price objective on Oracle in a research note on Monday, June 20th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Hold” and an average price target of $88.95.

Oracle Stock Up 0.0 %

Shares of ORCL opened at $77.40 on Friday. The company has a 50 day moving average of $71.61 and a 200-day moving average of $75.63. The stock has a market capitalization of $206.27 billion, a P/E ratio of 32.25, a P/E/G ratio of 2.16 and a beta of 0.87. Oracle has a twelve month low of $63.76 and a twelve month high of $106.34.

Oracle (NYSE:ORCLGet Rating) last issued its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. On average, sell-side analysts anticipate that Oracle will post 4.43 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. Oracle’s payout ratio is 53.33%.

About Oracle

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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