Oracle Co. (ORCL) Sees Significant Decrease in Short Interest

Oracle Co. (ORCL) Sees Significant Decrease in Short Interest

Oracle Co. (NYSE:ORCL) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 37,664,788 shares, a decrease of 8.2% from the February 28th total of 41,034,283 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 11,031,481 shares, the short-interest ratio is presently 3.4 days.

ORCL has been the subject of a number of recent analyst reports. Jefferies Group LLC upped their price objective on Oracle to $52.00 in a research note on Thursday, March 16th. Cowen and Company upped their price objective on Oracle to $48.00 in a research note on Thursday, March 16th. Wedbush upped their price objective on Oracle to $43.00 in a research note on Thursday, March 16th. Bank of America Corp upped their price objective on Oracle to $54.00 in a research note on Thursday, March 16th. Finally, TheStreet raised Oracle from a “c+” rating to a “b” rating in a research note on Tuesday, February 28th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $45.81.

In other news, insider Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $46.61, for a total value of $18,644,000.00. Following the completion of the transaction, the insider now owns 400,000 shares of the company’s stock, valued at $18,644,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Safra Catz sold 3,000,000 shares of the company’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $44.99, for a total value of $134,970,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,461,860 shares of the company’s stock, valued at approximately $155,749,081.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,987,240 shares of company stock valued at $270,969,391. Corporate insiders own 29.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORCL. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 107,202 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 135 shares in the last quarter. Penserra Capital Management LLC boosted its position in Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock worth $128,000 after buying an additional 1,283 shares in the last quarter. First Bank & Trust acquired a new position in Oracle during the fourth quarter worth approximately $141,000. Finally, Valley National Advisers Inc. boosted its position in Oracle by 2.9% in the third quarter. Valley National Advisers Inc. now owns 3,666 shares of the enterprise software provider’s stock worth $144,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 57.95% of the company’s stock.

Shares of Oracle (NYSE:ORCL) opened at 44.61 on Friday. Oracle has a 52-week low of $37.62 and a 52-week high of $46.99. The firm has a market cap of $183.56 billion, a PE ratio of 21.10 and a beta of 1.14. The stock has a 50 day moving average price of $43.24 and a 200-day moving average price of $40.28.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The firm had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Oracle will post $2.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. Oracle’s dividend payout ratio is currently 28.99%.

Oracle Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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