Oracle (ORCL) Earns Coverage Optimism Score of 0.17

Media stories about Oracle (NYSE:ORCL) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Oracle earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the enterprise software provider an impact score of 46.7740664398257 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern’s scoring:

Several research firms have recently weighed in on ORCL. Barclays boosted their target price on Oracle from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, March 12th. They noted that the move was a valuation call. OTR Global downgraded Oracle to a “positive” rating in a report on Friday, March 9th. Morgan Stanley reissued a “buy” rating on shares of Oracle in a report on Sunday, March 18th. Cleveland Research reaffirmed a “hold” rating on shares of Oracle in a research note on Saturday, March 17th. Finally, Instinet began coverage on Oracle in a research note on Wednesday, January 24th. They set a “buy” rating and a $51.12 price objective for the company. Seventeen investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $56.30.

ORCL opened at $46.54 on Friday. The company has a market capitalization of $193.44 billion, a P/E ratio of 18.69, a PEG ratio of 1.73 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.30 and a current ratio of 4.33. Oracle has a 1-year low of $46.46 and a 1-year high of $46.74.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. equities research analysts forecast that Oracle will post 2.76 earnings per share for the current fiscal year.

Oracle announced that its board has initiated a share repurchase plan on Friday, February 2nd that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Monday, April 16th. Oracle’s payout ratio is currently 30.52%.

In related news, insider Edward Screven sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $46.89, for a total value of $23,445,000.00. Following the sale, the insider now owns 2,644,595 shares of the company’s stock, valued at approximately $124,005,059.55. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $46.51, for a total value of $174,412.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $842,993.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,557,015 shares of company stock worth $117,480,315. 29.00% of the stock is owned by corporate insiders.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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